Juwi group is expanding its footprint in the Turkish renewable energy market. The company is now about to construct 18 solar parks with a total installed capacity of 18.6MW (DC) for the Turkish Koyuncu Group. The Koyuncu Group's investment is about USD 23.5 million.
Representatives of Juwi and the Koyuncu Group closed the deal at the Solarex trade show in Istanbul a few days ago. Commenting on the deal, Turkey General Manager Korhan Göğüş says: "We are pleased to build the solar parks for the Koyuncu Group. The Turkish energy market offers great potential for renewables and we are just at the beginning of a long road, in particular with regard to the country's COP21 target (United Nations Framework Convention on Climate Change, 21st Conference of the Parties) for solar energy."
"Juwi is well-positioned in this developing market and has an extensive pipeline of potential projects and will successfully realize more projects in the future," Korhan Göğüş says.
This year, Juwi's subsidiary Juwi Yenilenebilir Enerji A.Ş. will put into service the 18 separate (unlicensed) solar energy plants for the Koyuncu Group. "Half of the 18 projects will be installed in Konya and the other half will be installed in Nevşehir," Ibrahim Koyuncu, CEO of the Koyuncu Group, states. Konya is located in the Central Anatolia region, some 300 kilometers north-east of Antalya, Nevşehir about 200 kilometers north-east of the city of Konya. "We will start constructions in summer and aim to commission all plants by the end of 2016," Ibrahim Koyuncu further says. "We are expecting a total generation of 31 million kilowatt hours per annum. The investment amount planned to be spent for the plants is approximately 23.5 million dollars."