Turkey offers $85 million to support Kalyon’s module capacity expansion

Share

Kalyon Solar Technologies has secured TRY 1.6 billion ($85.1 million) of funding from the Turkish government to increase the capacity of its vertically integrated solar module manufacturing facility in Ankara, Turkey. It has also secured exemptions from customs tax and value-added tax, in addition to other fiscal sweeteners and employees.

According to a document in the Turkish official journal, the company has secured a total of TRY 3.7 billion for its factory, including the new tranche. With the expansion plan, the ingot-to-module factory's annual solar module capacity will likely increase from 1 GW to 2 GW.

Kalyon inaugurated its manufacturing facility in August 2020. It is part of a wider project involving the construction of a 1 GW solar plant 260 km south of the Turkish capital, in Konya.

The project was tendered by the Turkish government in 2017. A consortium formed by Konya Solar and Hanhwa Q Cells was the winner, but the South Korea-based solar manufacturer walked away from the deal a few months later. Chinese state-owned conglomerate China Electronics Technology Group Corp. (CETC) replaced Hanhwa Q Cells as a new project partner in October 2019.

In October, another Turkish manufacturer, Smart Solar Technologies, secured TRY 7.62 billion of funding from the Turkish government to set up a 2 GW vertically integrated solar module manufacturing facility in Izmir, Turkey.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Daikin launches air-to-water inverter heat pumps for residential applications
26 November 2024 The Japanese manufacturer said its new heat pumps have a temperature coefficient of up to 3.4 and a size ranging from 16 kW to 70 kW. The new solution...