Hanwha Q Cells Turkey, branch of photovoltaics provider headquartered in South Korea, said it finished the construction and grid connection of an 8.3 MW solar power plant in the southwestern province of Burdur. The system is the first part of a project totaling 18.3 MW. The construction of the remaining capacity is expected to start in 2016. In its largest solar project in Turkey so far, Hanwha Turkey has been responsible for module supply, engineering, procurement, construction (EPC), operations and maintenance (O&M) and it is also is a shareholder with 50% of the power plant, with partner Zen Enerji AŞ holding the remainder.
The company has closed a USD 20.15 million (EUR 18.6 million) for the complete system with Yapı ve Kredi Bankası AŞ.
The company launched works in August and reached grid connection in November. The plant is comprised of 31,878 polycrystalline solar modules of the type HSL60S and covers an area of 128,600 square metres. It is expected to produce 13.47 GWh per year, enough to power around 2,700 average households in Turkey. Thus the park will save around 2,700 kg of carbon emission in every year of its operation, according to the company’s calculations.
The company has closed a USD 20.15 million (EUR 18.6 million) for the complete system with Yapı ve Kredi Bankası AŞ, the press release said, adding that with a runtime of 12 years, it is the first such agreement in Turkey. The attractive return on investment is mainly driven by the state’s feed-in-tariff, Hanwha said.
In February, Hanwha SolarOne and Hanwha Q Cells merged, and the combined company is listed on Nasdaq.
