An investment and cooperation agreement worth EUR 200 million was signed by Turkey and the Netherlands to carry out solar projects with a capacity of 175 MW, Anadolu Agency’s Energy Terminal reported.
Yakamoz Energy Solutions and Turkish Humartaş Energy AŞ signed the agreement in Istanbul during Innovation Week, organized by the Turkish Exporters’ Assembly (TIM), with the participation of Cihad Terzioğlu, chief executive of Humartaş, Anwar Wazir, Yakamoz Energy’s chairman of the board and chief executive Sefton Lo. Guido Landheer represented the Dutch Ministry of Foreign Affairs.
The first phase of the projects will be 57 megawatts in capacity and is planned for completion in the first half of 2016. The first phase requires EUR 64 million in investment. In 2017, the solar project is expected to rise to 175 MW in capacity. Solar projects will generate 280 GWh a year, enough to supply 80,000 homes with power, said Yilmaz Humartaş.