A 50-50 joint venture formed by Hanwha Q CELLS and Kalyon Enerji has won Turkey’s tender for the construction of 1GW solar park in Karapınar.
The consortium won the tender by offering power take-off price of $0.0699 (€0.065) per kWh.
Planned to be built with an investment of $1.3bn, the solar PV project is scheduled to commence operations within 36 months. The project also includes a 500MW factory which is planned to be commissioned within 21 months.
International Solar Energy Society Turkey Division (GUNDER) president Kutay Kaleli was quoted by Sun&Wind Energy as saying: “I have no doubt that this project, to which our Ministry attaches great importance, will be completed before the specified time-frame.
“With the conclusion of the competition, Turkey has already made the biggest step towards the establishment of solar energy investments, and more importantly, a domestic and national solar energy industry.”
Expected to create around 1,500 new jobs, the solar project will be designed to generate clean electricity required to power more than 600,000 households.
The power purchase contract is planned to be awarded for the project for 15-year period.
Kaleli was reported by PV-Tech as saying: “As a result of this competition, the price quotation for the 19th round was below the psychological limit of US$0.07/kWh at 6.99 cents.”
“Also this record low price in the tender was a new indicator that the solar power can compete with other sources of electricity generation.”
The tender saw participation from four consortiums, including Limak-CMEC-Hareon Solar consortium, Çalik-Hareon Solar consortium and AKC consortium, which is composed of Turkish, Saudi and Chinese companies, as well as the Hanwha-Kalyon consortium, reported Reuters.
Image: Turkey intends to build new solar project. Photo: courtesy of Naypong/FreeDigitalPhotos.net.