Renewables

Turkey’s regulator licenses 1 GW Karapınar solar power plant

Turkey's regulators license 1 GW Karapınar solar power plant

Photo: Unsplash

Published

September 7, 2020

Country

Comments

comments icon

0

Share

Published:

September 7, 2020

Country:

Comments:

comments icon

0

Share

Following the start of operations of its integrated solar cell plant in Ankara, Kalyon got a license from EMRA for the 1 GW solar power system that it is working on in Turkey’s central Konya region. The two projects are worth USD 1.4 billion overall.

Kalyon Group received a license for the planned solar power plant in Karapınar, south of Ankara, that recieved incentives through Turkey’s Renewable Energy Resources Area (YEKA) scheme. The Energy Market Regulatory Authority – EMRA noted the investment is worth USD 1 billion.

Company filed for preliminary license in 2018

The company won the competition in 2017 for 1 GW in capacity with its bid of USD 69.9 per MWh. It applied for a preliminary license in February 2018. Last month Kalyon opened its integrated solar cell factory, which is included in the umbrella project, worth USD 1.4 billion and also supported by the state.

EMRA regulates electricity, natural gas, downstream petroleum and liquefied petroleum gas.

The future photovoltaic system is under construction in the Konya province. The regulatory panel underscored the largest plant of its kind must reach full capacity within three years. It will be designed to produce 2.6 TWh of power per year, equivalent to the consumption of two million households in the country.

Solar power plant to cut CO2 emissions by two million tons per year

The size of Karapınar is equivalent to a quarter of Turkey’s combined photovoltaic installations. The power plant in the country’s central part will take up an area of 2,600 football fields and the investor said the carbon dioxide emissions savings would be two million tons per annum.

The pace of construction is set at 40 MW every month. The factory in Ankara enables domestic content of 70%, according to the authorities. Its initial solar power panel production capacity is 500 MW. The government claimed it would make up for USD 100 million in imports each year.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Fund ran by asset manager Mirova buys stake in RP Global

Fund ran by asset manager Mirova buys stake in RP Global

24 October 2024 - Energy transition infrastructure fund MET6, managed by Mirova, is becoming a relevant minority shareholder in RP Global

EU approves Western Balkans reform agendas auction schedules renewables

EU approves Western Balkans reform agendas including auction schedules for renewables

24 October 2024 - Western Balkan governments excluding BiH can draw funding from the EU's Growth Plan as they fulfill reform obligations and achieve goals

croatia hep korlat ebrd eib loans

Croatia’s HEP secures financing for Korlat solar power plant

24 October 2024 - Korlat is the largest photovoltaic project in Croatia with a construction permit, according to Hrvatska Elektroprivreda

epcg ivan bulatovic investments gvozd perucica

EPCG to invest EUR 300 million in next three years – CEO

24 October 2024 - Montenegro’s power utility Elektropriveda Crne Gore is conducting a big investment cycle, its CEO Ivan Bulatović said