Hive to plans 2GW solar-storage in Turkey

Jan 13, 2023 12:31 PM ET

Developer has looked for co-located projects with capacities ranging from 11MW to 230MW in scale

Hive to plans 2GW solar-storage in Turkey — Image: Unsplash/Chelsea

Hive Energy is planning to attract $4bn straight investment in over 4GW of recommended co-located solar and battery storage space projects in 30 locations across Turkey.

The company has applied for co-located solar as well as battery storage projects with capacities ranging from 11MW to 230MW in scale.

The applications focus on 19 cities, from Gaziantep in the country's southeast to Balıkesir in the west.

When the grid capacities have actually been provided for pre-license, which is anticipated to be identified by the initial quarter of 2023, Hive as well as its partners will certainly start discussions with international funds and also banks to bring in foreign straight financial investment to Turkey.

According to the Turkish National Energy Plan 2022, released by the Ministry of Energy and also Natural Resources, the nation's solar capacity will certainly boost to 53GW by 2035.

Tags:

Asia

Turkey

hive energy

Source:

renews.biz

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