Hanwha Q CELLS Turkey closes financing for 18.3 MW Solar Power Plant in Burdur, Turkey

Hanwha Q CELLS Turkey, the Turkish branch of Hanwha Q CELLS Co., Ltd., has finished construction and grid connection of an 8.3 MW solar power plant in Burdur, Turkey.

Hanwha Q CELLS Turkey started construction of the park in Burdur, in south-west Turkey in August 2015 and reached grid connection only two-and-a-half months later, in November 2015. The power plant is comprised of 31,878 polycrystalline solar modules of the type HSL60S and covers an area of around 128,600 m2. With its 8.3 MW, the power plant is one of the largest in the country so far.

The system is the first part of a project totaling 18.3 MW. The construction of the second part, comprising 10 MW, is expected to start in 2016. Moreover, the company has closed a US$20.15 million project financing for the complete 18.3 MW together with Yapi Kredi Bank.

Hanwha Q CELLS Turkey has been responsible for module supply, engineering, procurement, construction (EPC), Operations & Maintenance (O&M) and also is a shareholder of 50% of the power plant, with their partner Zen Enerji A.S. holding the other 50%. 

Mr. Jun Sung Lee, Managing Director of Hanwha Q CELLS Turkey, said:

"We are very proud to put into operation our first and at the same time one of the largest solar power plants in Turkey. Moreover, closing the project financing together with our renowned partner Yapi Kredi Bank is a strong sign for both, the great potential of the PV market in Turkey as well as the capability of Hanwha Q CELLS to leverage it as a full service provider. Against the background of our strong EPC and Project Development capacity, Hanwha Q CELLS Turkey is looking forward to realize further projects in the country."