Conergy Launches Operations in Turkey

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Conergy Launches Operations in Turkey

Conergy, a downstream solar company, has launched operation in Turkey with the establishment of a co-owned solar company called RKT Conergy. 

This new company is co-owned with the Turkish CO Group, a strong and capable joint venture partner with which Conergy is well positioned to be a leading player in the Turkish PV market.

RKT Conergy will provide project development, financing, engineering, procurement and construction (EPC) as well as operations and maintenance (O&M) services to the Turkish market with a focus on commercial rooftop and ground-mount segment.

Turkey has favourable market conditions: increasing energy demand and high irradiance level, supported by a government-sponsored feed-in tariff (FIT) program.

The joint venture will be led by Heinz-Peter Tienken, Vice President Global Engineering & Service of Conergy, and Utku Korkmaz, Managing Director of RKT.

The CO Group, part of the Cenay Group, is owned and managed by Cengiz Guldamlas?, who has extensive business experience in Turkey. The Cenay Group owns multiple companies in the relevant business segments of electrical infrastructure, real estate, construction, and telecommunications. RKT, the project development company co-owned by Cengiz Guldamlas?, has developed more than 800 MW of wind parks to date and is now developing solar projects together with Conergy.

Utku Korkmaz, Managing Director of RKT Conergy, stated:

“We made good progress in building up a pipeline within the unlicensed PV segment and already have 30 MW of secured grid,. With the addition of Conergy, which is both bankable and experienced in the solar sector, we will be able to further strengthen and speed up our project development activities.”

Conergy’s expansion into Turkey follows the company’s recent return to profitability, bringing in nearly US$500 million in revenue in 2014, and completing an equity financing round this month, which included giant European utility, RWE. In 2014, Conergy developed and installed 300 MW of utility scale projects, bringing its total installed capacity to nearly 1 GW.

Alexander Gorski, Chief Operating Officer of Conergy, commented:

“We look forward to expanding our global business to the Turkish market. Further, we are pleased to have the CO Group as our partner in this promising market.”

List of country news

Country news

  • April 06, 2015

    Akuo mandates IFC to provide up to USD 100 million loans to finance 77.5 MW wind farm in Turkey

    Akuo Energy has singned a mandate letter with International Finance Corporation (IFC) to finance the erection of the 77.5 MW Ba?lar RES wind farm near Konya, Turkey. Read more
  • April 14, 2015

    Turkish Nuclear Power Plant Project near Sinop receives formal approval by Parliament

    Mitsubishi Heavy Industries, Itochu Corp. and GDF Suez have received the formal approval from the Turkish Parliament for the 4,400 MW nuclear power plant project near Sinop in Turkey. Read more
  • May 18, 2015

    EDBR to invest in Turkish hydropower company

    The European Bank for Reconstruction and Development (EBRD) is mulling an equity investment of up to US$35 million to acquire up to a 20 % stake in HoldCo. Read more
  • May 28, 2015

    Inframed and Limak reach Financial Close for the Hamitabat CCGT Modernisation Programme

    Limak Yatirim and InfraMed Infrastructure have reached financial close for the modernisation of the 1,156 MW Hamitabat Combined Cycle power plant in Lüleburgaz Turkey. Read more
  • June 05, 2015

    Mitsubishi Corporation signs Capital Alliance with Turkey’s Calik Enerji

    Mitsubishi Corporation (MC) has recently announced that MC entered into a strategic alliance with Calik Holding (Calik), one of leading conglomerates in Turkey, and Calik Enerji Sanayi ve Ticaret A.S. (CE), a subsidiary of Calik that includes the acquisition of shares in CE and exchange of personnel. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.