Chinese company plans to invest $1 billion in Turkey’s green energy market

ISTANBUL

Chinese state company HT Solar Energy is considering investing $1 billion in Turkey’s renewable energy industry, state-run Anadolu Agency reported on April 5. 

“We have calculated an investment of $1 billion, we are planning to achieve this,” Robin Xi, the company’s general manager in Turkey, told Anadolu Agency.

Recalling that they were not successful in the first Renewable Energy Resources Area Project (YEKA) tender that took place in 2017, Xi said they are “working hard” for the second YEKA tender.

The technical details of the second YEKA tender have not been announced yet.

The first tender, worth $1 billion, was won by a consortium of German giant Siemens and Turkey’s Türkerler and Kalyon Enerji holdings.

Xi also said they are in contact with some Turkish companies to cooperate.

“Talks with companies such as Enerjisa, Zorlu and Çalık have been continuing. We want to bid in the YEKA tender with a Turkish company which has extensive knowledge of the Turkish market,” he said.

HT Solar Energy, working on energy storage for some 30 years, has been operating solar panels with a total capacity of 600 megawatts in Turkey.