Tosyalı to invest almost $1b in solar power

The company will initially receive 120 MWp of solar power, which the company claims will then grow to be one of the world’s largest self-consumption Solar Power Plant (SPP) projects with a total capacity of 1.2 GW. The project will utilize Tosyalı's locally produced N-Type Topcon 725 Wp panels under the Tosyalı V-Solar Brand.

The first project is scheduled to become operational in 2025, while the 1.2 GW capacity project is targeted for completion in 2027.

Fuat Tosyalı, chairman of Tosyalı Holding, said: "With this investment, Tosyalı will generate approximately 50% of its self-consumption from solar energy. We continue to invest in advanced clean energy technologies under our vision of ‘Tosyalı for a sustainable life.’ As part of this vision, we have taken the first step toward one of the world’s largest self-consumption SPP projects with a capacity of 1.2 GW by initiating the first project in Osmaniye.’’

Construction for the first 120 MW project has already begun in Osmaniye. The 1.2 GW self-consumption solar project will be implemented in three phases.

Ali Murat SOYDAN, professor and chairman of Inogen Group, commented: “We are happy to be involved in this pioneering project of Tosyalı, a symbol of green transformation in the world and our country. When all the Tosyalı projects are completed, we will strengthen our position as the green transformation leader in our country working with GE Vernova.’’

Ed Torres, GE Vernova’s power conversion and storage business leader, concluded: "Along with Inogen, we are proud to support Tosyalı’s ambitious goal of developing one of the world’s largest self-consumption solar power projects. By supplying our advanced solar technology, providing design and engineering services, and facilitating ECA financing, we aim to help Tosyalı achieve greater energy independence and accelerate the transition toward a more resilient energy future."

Source: Les Echos