April 17, 2024

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[THE INVESTOR] Hanwha has won a US$1.3 billion order to build the largest solar energy plant in Turkey, according to news reports on March 21. 

Hanwha Q Cells’ solar power plant in Burdur, Turkey

Hanwha Q Cells formed a 50-50 consortium with Turkey’s Kalyon Enerji and won the bid for the 1 gigawatt project in Konya, beating three other candidates. 

The South Korean solar cell manufacturer is a global leader and has been building plants in Turkey including the one in Burdur, the largest in the country as of 2016. 

It will be a revolutionary step for the country’s energy sector and a threshold in shifting toward new renewable energy, said Turkish Energy Minister Berat Albayrak, who is also the son-in-law of president. He recently remarked that the plant will have a 15-year purchase guarantee without any currency risks. 

By Hwang You-mee (glamazon@heraldcorp.com)