Chinese manufacturer and project developer ReneSola has entered into a partnership with UCK Group to build several solar photovoltaic (PV) power projects in Turkey.
The projects will have a total installed capacity of 116MW and according to the company will qualify for a feed-in tariff of $134 every MWh as they are unliscenced.
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As part of the deal, UCK Group’s Berak Enerji will be responsible for developing and setting up the solar power plants, which will be designed by ReneSola. The Chinese manufacturer will also deliver high-efficiency solar modules and inverters.
Once operational, the plants will be owned and operated by a new 50/50 joint venture formed by ReneSola and UCK.
In a joint statement, ReneSola’s chief executive officer Xianshou Li and UCK Group’s chief executive officer Atilla Uckardes said: "We are excited to partner to develop this pipeline of projects in Turkey.
"This partnership enables both companies to gain traction on the attractive Turkish PV market, while also demonstrating our technology leadership and strong competitive advantages.
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By GlobalData"We look forward to further supporting solar deployment in Turkey with our cost-effective, high quality products."
By the beginning of next year, the joint venture is expected to own 70MW of the operating projects.
Image: The new solar power plants in Turkey will be owned and operated by a new joint venture. Photo: courtesy of ReneSola.
