Growatt has signed a 300 MW package deal in Turkey with Form Elektrik. This agreement will support in meeting market demand for dependable and advanced solar energy products and solutions, particularly in the C&I solar market.

Turkey’s strategic plan for 2023 aims to increase renewable energy sources share of total electricity production from 59 to 65 percent, with an annual capacity of 1GW for solar energy’s contribution to renewable energy penetration.

Recently in September 2022, it was notified that Adnan Polat Enerji Yatirimi A.S. will receive up to US $100 million in financing from the European Bank for Reconstruction and Development. This will be a part of a financing package provided by Turkiye Is Bankasi, Turkiye Sinai Kalkinma Bankasi , and Garanti BBVA.