Solar firm Conergy is expanding into the Turkish energy market with the creation of a joint venture firm with CO Group called RKT Conergy.
Turkey is one of the most attractive emerging solar markets with favourable market conditions, says Conergy, which recently announced a return to profitability as well as a successful equity finance round that included RWE.
RKT Conergy will provide project development, financing, engineering, procurement and construction as well as operations and maintenance (O&M) services to the Turkish solar market with a focus on commercial rooftop and ground-mounted projects.
The market is attractive because of growing energy demand, high irradiance levels and a government-supported feed-in tariff (FIT) for solar projects, says Conergy.
"We made good progress in building up a pipeline within the unlicensed PV segment and already have 30 MW of secured grid," said Utku Korkmaz, Managing Director of RKT Conergy. "With the addition of Conergy, which is both bankable and experienced in the solar sector, we will be able to further strengthen and speed up our project development activities."
In 2014, Conergy developed and installed 300 MW of utility scale projects, bringing its total installed capacity to nearly 1 GW and placing it among the largest solar companies globally.
"We look forward to expanding our global business to the Turkish market," said Alexander Gorski, Chief Operating Officer of Conergy.
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