Greek solar company to invest in Turkey

ANKARA - Anadolu Agency

AFP Photo

Greek solar energy company Photovoltaic Energy Systems is preparing to invest in renewable energy in Turkey, a company official said on March 2.

The company will invest in solar projects in a district of the western city of Edirne, which neighbors Greece, said Kalenteridis Evaggelos.

“The company was searching for a place to invest in for some time and settled on the Keşan district as it is an organized industrial zone,” Evaggelos said.

“The company aims to invest in the Thracian region of Turkey at first and then spread projects to the rest of the country,” he said.

He added that the company will continue to hold production in Komotini. “The company plans to produce in Keşan in the future,” he said.

The Greek solar energy company will operate as a member of Keşan’s Chamber of Industry and Trade, Mustafa Helvacıoğlu, chairman of the board, said.

“We welcome foreign and domestic investors to our region and are glad to have the Greek company in Keşan,” Helvacıoğlu said, adding that their hope is for investments to continue and projects to increase.

Turkey’s installed energy capacity is more than 68 gigawatts and the country aims to reach levels of 110 gigawatts by 2023. Additionally, renewables’ share in electricity production is targeted to rise to 30 percent by 2023 by adding 34 gigawatts of hydropower, 20 gigawatts of wind energy, five gigawatts of solar energy and two gigawatts of geothermal and biomass energy.