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.
In line with a doc in Turkey’s official journal, the corporate acquired a complete of TRY 3.7 billion for its manufacturing unit, together with the brand new tranche. With the enlargement plan, the manufacturing unit’s ingot-to-module annual photo voltaic module capability will probably enhance from 1 GW to 2 GW.
Kalyon inaugurated its manufacturing facility in August 2020. It’s a part of a wider venture involving the development of a 1 GW photo voltaic plant 260 km south of the Turkish capital, in Konya.
The venture was awarded to the Turkish authorities in 2017. A consortium fashioned by Konya Photo voltaic and Hanhwa Q Cells gained, however the South Korea-based photo voltaic producer walked away from the deal just a few months later. The Chinese language state-owned conglomerate China Electronics Know-how Group Corp. (CETC) changed Hanhwa Q Cells as the brand new venture accomplice in October 2019.
Final October, one other Turkish producer, Good 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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