Chinese photovoltaics maker ReneSola Ltd. said it will develop 116 MW in solar projects in Turkey in partnership with local sector firm UCK Group, SeeNews reported.
UCK’s Berak Enerji will develop and construct the solar parks, while ReneSola will design them and supply high-efficiency solar modules and inverters. Upon the start of operation, the power plants will be transferred into a new joint venture between Renesola and UCK, each owning 50%. The joint company’s goal is to own 70 MW in operating parks by early 2017. The projects in the planned portfolio will qualify for a feed-in tariff of USD 134 (EUR 119.5) per MWh.
“This partnership enables both companies to gain traction on the attractive Turkish PV market, while also demonstrating our technology leadership and strong competitive advantages. We look forward to further supporting solar deployment in Turkey with our cost-effective, high quality products,” the press release quotes a statement by Xianshou Li, ReneSola’s chief executive officer, and Atilla Uckardes, chief executive officer of UCK Group.
Last month, Chinese solar products maker Trina Solar Ltd. won an order for 40 MW of solar modules from Tegnatia, a Turkish engineering, procurement and construction (EPC) contractor.
