Pekintaş Group Raises Localization Rate in Solar Panels Above 80% with $300 Million Cell Investment
Published
Pekintaş Group, one of Türkiye's industrial companies, has made a significant investment in the solar energy sector. The company announced that it has invested $300 million in cell production, which is used in the manufacturing of solar panels. Following this investment, the localization rate in solar panels has risen above 80%.
The history of Pekintaş Group dates back to 1996. That year, "Aluform Pekintaş" was established within the group, and the company began producing sandwich panels. Sandwich panels are materials used on the roofs and facades of factory buildings. Over the years, the company carried its experience in this field over to the solar energy sector.
A high localization rate means that most of the materials and components used in the production of the panel are manufactured in Türkiye. This may help reduce the country's dependence on foreign sources in the energy sector. In addition, domestic production is considered important for increasing job opportunities in the sector and strengthening technology production.
In conclusion, Pekintaş Group's cell investment stands out as a noteworthy step for the development of Türkiye's solar energy industry. The increase in the localization rate provides insight into the future growth of the sector. The long-term results of the investment, however, will become apparent over time.
Sources: Ekonomim
More Turkey news
- Romelu Lukaku will not play in Türkiye-Belgium match
- Romelu Lukaku will not play in Belgium's match against Turkey
- ASELSAN to build five-factory complex in Malatya, Turkey
- Pasifik Teknoloji to Supply Pakistan 100,000 Merkut Drones
- MSCI removes Sabancı Holding and Astor Enerji from main index
- MSCI removes 18 Turkish stocks from Türkiye indexes, adds 2
- MSCI removes 18 Turkish stocks and adds two to index
- The Target of the National Women's Basketball Team Is the European Championship