Investment of Approximately $200 Million! Turkey Signs Agreement for 2.5GW ！

Recently, according to local Turkish media reports, Turkish solar cell manufacturer Alfa Solar and Astronergy Europe, a subsidiary of China's Chint Group, jointly announced the formal signing of a joint venture agreement. The two parties will establish an integrated silicon wafer and solar cell production base in Balıkesir Province, Turkey.

According to the statement, the project's initial annual production capacity target is set at 2.5GW, covering the full integrated production process of solar wafers and cells. The first-phase factory is expected to involve an investment of approximately $200 million and is planned to be located on a designated plot within the Balıkesir Organized Industrial Zone in Balıkesir Province, northwestern Turkey.

A supplementary statement released on Turkey's Public Disclosure Platform (KAP) indicates that upon completion of the planned equity transfer and capital increase procedures, Alfa Solar and Astronergy Europe will each hold a 50% stake in the joint venture.

It is reported that both parties have established core principles for the joint venture cooperation, though formal project commencement remains subject to approval from relevant regulatory authorities.

Public records indicate that Alfa Solar, established in 2011, specializes in photovoltaic module manufacturing and related new energy businesses, positioning itself as one of Turkey's leading enterprises in the solar sector. As a smart manufacturing enterprise under the Chint Group focused on photovoltaic cell and module production, Chint Solar is not only one of China's earliest private enterprises to enter the solar field but also among the industry's pioneers in achieving mass production of n-type TOPCon modules.