Kalyon Photo voltaic Applied sciences has secured TRY 1.6 billion ($85.1 million) in funding from the Turkish authorities to extend the capability of its vertically built-in photo voltaic module manufacturing facility in Ankara, Turkey. It additionally will get exemptions from customs tax and value-added tax, along with different fiscal sweeteners and staff.
Based on a doc in Turkey’s official journal, the corporate bought a complete of TRY 3.7 billion for its manufacturing unit, together with the brand new tranche. With the growth plan, the manufacturing unit’s ingot-to-module annual photo voltaic module capability is prone to enhance from 1 GW to 2 GW.
Kalyon inaugurated its manufacturing facility in August 2020. It’s a part of a wider undertaking involving the development of a 1 GW photo voltaic plant 260 km south of the Turkish capital, in Konya.
The undertaking was awarded to the Turkish authorities in 2017. A consortium shaped by Konya Photo voltaic and Hanhwa Q Cells received, however the South Korea-based photo voltaic producer walked away from the deal a number of months later. The Chinese language state-owned conglomerate China Electronics Know-how Group Corp. (CETC) changed Hanhwa Q Cells as the brand new undertaking companion in October 2019.
Final October, one other Turkish producer, Sensible Photo voltaic Applied sciences, secured TRY 7.62 billion in funding from the Turkish authorities to construct a 2 GW vertically built-in photo voltaic module manufacturing facility in Izmir, Turkey.
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