5 days ago
Turkish firm to invest $520 mn in solar equipment production
Agencies
Turkish solar technology company CW Enerji will invest $520 million (TL 21.09 billion) under the government's HIT-30 incentive program to expand its high-efficiency solar panel manufacturing capacity in the Antalya Organized Industrial Zone, according to a recent report by Anadolu Agency (AA).
The company currently produces high-efficiency TOPCon solar cells at its CW Solar Cell facility in the southwestern coastal city of Antalya, with an annual capacity of 1.2 gigawatts (GW).
The facility is the largest of its kind in Türkiye and Europe. With the new investment, CW Enerji aims to boost capacity to 5 GW by 2028 as part of the project's second phase.
The factory manufactures high-tech solar panels from ingot raw materials and sources over 80% of its components domestically.
CW Enerji Chairperson Tarik Sarvan emphasized the strategic importance of local supply chains in a recent interview with AA.
'We will source the gases and chemicals needed in production from within Türkiye,' said Sarvan. 'This will protect local producers and help build a healthy ecosystem.' Sarvan founded the company in 2010, having gained experience in Europe's solar energy sector.
Under the HIT-30 program, which aims to establish Türkiye as a global high-tech manufacturing hub by 2030, CW Enerji is supporting national solar energy goals.
'We will produce solar panels in line with Türkiye's VAT incentive regulations and with more than 80% domestic content,' Sarvan said.
