US companies to invest in Turkey’s solar energy

Posted on 04 September 2012

Istanbul, 31 August 2012 – International Capital Alliance and International Solar Electric Technology of the US has announced plans to form a JV to invest in solar photovoltaic panels production in Turkey. The new JV company is also planning to set up a 200 MW solar farm. The initial investment is expected to be 700 million USD increasing to 6 billion USD over the next 3 to 4 years. On completion the project is expected to supply five percent of Turkey’s installed capacity. Source: Invest in Turkey

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