Turkish companies sign deal for solar power plant in Italy

- Total value of contract is €45 million excluding VAT

home > Solar, Europe 30.06.2020 11:06 Sibel Morrow

Turkish companies sign deal for solar power plant in Italy

Turkish companies Naturel Enerji and KURTEKS Tekstil Enerji signed an agreement for the development and construction of a 50-megawatt solar power plant in Italy, Naturel energy said in a statement on Tuesday.

The total value of the contract is €45 million, excluding VAT with Naturel Enerji providing project funding.

The companies will undertake project development, EPC (Engineering, Procurement, Construction) and a PPA (Power Purchase Agreement) on a turnkey basis.

According to the statement, the project is considered one of the biggest in Italy and Europe and is unique for Turkish Investors and EPC contractors in terms of its size, characteristics, location and context.

The plant will be built on solar tracker systems, and the electricity produced will be sold through PPAs to private consumers.

By Sibel Morrow

Anadolu Agency

energy@aa.com.tr

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019
22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Turkey , Europe , Eurasia , Americas , Middle East-Africa , General
© Anadolu Agency 2021