UPDATE - Kalyon-Hanwha win 1-GW project in Turkey at USD 69.9/MWh

Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

March 20 (Renewables Now) - The Kalyon - Hanwha Group consortium won Turkey’s tender for a 1-GW solar park in Karapınar today, offering a power take-off price of USD 0.0699 (EUR 0.065) per kWh.

The power purchase contract for it will be awarded for 15 years.

After 18 rounds of bidding, AKC - Günes left the race with a bid of USD 0.0705 per kWh, the energy ministry announced. The other two competing consortia, Limak - CMEC - Hareon Solar and Calık Enerji - Solargiga, withdrew earlier.

Berat Albayrak, Minister of Energy and Natural Resources, said he was hoping to announce a similar wind energy tender in the coming months.

The total investment in the huge photovoltaic (PV) project in the Konya province is estimated at USD 1.3 billion. With the competitive process for solar power the Turkish government wants to stimulate investments in the domestic supply, so there is a strict domestic content requirement for the park at the Karapınar (or Karapinar) Renewable Energy Resource Area (YEKA).

With the winning of the tender, solar major Hanwha Q Cells (NASDAQ:HQCL) and Kalyon Enerji Yatirimlari AS agreed to also build 500 MW of fully integrated PV manufacturing capacity in Turkey, which has to start work in 21 months. The huge solar power generation complex is to be completed in 36 months.

Hanwha Q Cells which makes PV cells and modules and builds solar parks globally. Kalyon is a Turkish conglomerate, with significant experience in construction.

According to official figures, Turkey’s installed solar power generation capacity jumped to 819.6 MW at the end of 2016 from 249 MW a year before.

(USD 1 = EUR 0.93)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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