Yingli Green Energy Holding Company Limited today announced that its wholly owned subsidiary Yingli Europe, has partnered with Motif Proje ve Insaat Ltd. Sti ("Motif Proje"), to develop a 20MW PV project pipeline in Turkey.
The two companies' first jointly developed 10MW project portfolio is located across 4 sites covering approximately 18 hectares in western Turkey. Development is now underway and construction is expected to begin in Q2 of 2016. Yingli and Motif Proje also intend to collaborate on an additional 10MW pipeline in Turkey, which they expect to complete by the end of 2016.
"Turkey is an extremely promising market for solar project development due to its growing demand for electricity, large population of over 75 million people, and high levels of solar irradiation. There are currently 200MW of PV projects under construction and additional 5GW under application in Turkey," said Mr. Anian Schreiber, Turkey Project Manager of Yingli Europe. "With the support of Motif Proje, we can rapidly scale our development activities in this high-potential market."
"We are delighted to partner with Yingli because of their expertise and strong track record of success in entering emerging markets as both a developer and PV supplier," said Mr. Deniz Selkan Polatkan, Managing Director of Motif Proje. "Yingli is an ideal partner in our mission to build a sustainable solar business in Turkey. We are confident that patient and sustainable companies will be successful in the Turkish PV market."
"Motif Proje's deep understanding of the local market and country requirements will help Yingli strategically grow its presence in Turkey," commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. "We are pleased to collaborate Motif Proje and look forward to further expanding our joint project pipeline."