7.62 billion TL support from the state for the solar panel production facility to be established in İzmir

Smart Solar Power Technologies, 2 GW vertically integrated in Izmir solar panel manufacturing plantfrom the state to establish 7.62 billion TL($410 million) financed.

in the official gazetteAccording to the document in the solar module manufacturer’s from silicon ingotswhich will produce everything from finished panels the factoryto build four years there is. abutment package separately value added tax(VAT) exemptions and raw material imports customs dutytheir exemptions contains.

Provide financial comfort in the medium and long term

Smart Solar Power Technologies, to the company websitecompared to Istanbul’s approximate 65 kmsoutheast Gebzea 1.2 GW in solar panel factoryowner and operator. Facility, bifacial with half-cut cells monocrystallinePERC manufactures panels.

Founder of Solarbaba Ates Ugurel, told pv magazine with the subjectRegarding: “These incentives provided by the state are not actually a facilitating element for investment. If we examine in detail, all incentives are given after the investment is completed and the production facility is opened. However, it is customary that it will provide financial comfort for the investing company in the medium and long term.” their expressionsused.