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Gehrlicher Solar and Merk Solar Enerji establish a Joint Venture in Turkey

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the German photovoltaics company Gehrlicher Solar AG and the Turkish energy company Merk Solar Enerji Çözümleri San. ve Tic. Ltd. Şti., a member of the Akfel Group, agreed to establish an exclusive partnership. The joint venture company, named “Gehrlicher Merk Solar Enerji A.Ş.” with headquarters in Istanbul, will serve photovoltaic markets in Turkey and its neighbouring countries. Each partner has an equal share in the company.

The activities of the new company will include project development, engineering, EPC services, financing and operation of power plants. Furthermore, the company plans to establish local partnerships with system integrators in Mediterranean, South Eastern and Eastern regions of Turkey. The purpose of these partnerships is the development of projects and wholesale of PV modules, inverters and Gehrlicher’s own GehrTec components.

Murad Baltacı, CEO of Akfel Group, says: “In this joint venture, we will combine Gehrlicher Solar’s 17 years of experience in the planning and construction of solar power plants with Merk Solar’s deep market knowledge and powerful local network. Our goal is to establish a strong presence in Turkey and its neighbouring countries. As an EPC company, we are planning to capture a good share out of the 600 MW that are expected to be completed by 2015 in Turkey. Furthermore, we will directly start developing our own projects.”

Klaus Gehrlicher, CEO of Gehrlicher Solar AG, adds: “Due to its fast growth and increasing energy demand, Turkey is a highly attractive market for solar power. The Turkish government acted thoughtful and forward-looking when creating a feed-in tariff which allows interesting investments in renewable energies, but which is at the same time very close to the general electricity tariff. These are ideal preconditions for a reasonable and sustainable market growth. We are happy to partner with Merk Solar and look forward to carrying out many successful projects together.”

Business | News published on 02 / 02 / 2012 by Andrew Callaway

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