Tosyalı invests in renewable energy and signed an agreement with GE Vernova and Inogen for the first 120 MWp of Turkey’s and the world’s one of the largest self-consumption Solar Power Plant (SPP) projects with a total capacity of 1,2 GW. The project will utilize Tosyalı's locally produced N-Type Topcon 725 Wp panels under the Tosyalı V-Solar Brand. Davos - As one of the leading global green steel producers, with 15 million tons/year crude steel capacity, Tosyalı continues to expand its efforts to produce its own energy. Tosyalı invests in cutting-edge technology, artificial intelligence, and renewable and clean energy sources, adhering to the principle of eco-efficiency. Through its investments in clean energy sources, specifically focusing on hydrogen and solar energy, Tosyalı is making significant strides toward becoming a fully integrated green steel producer. Previously, Tosyalı achieved a global milestone by reaching 235 MW of installed capacity with its SPP project, which covered all its facilities, making it the holder of the world’s largest rooftop solar power installation. Now, Tosyalı is embarking on an even larger project, and the company has signed an agreement with GE Vernova and its regional provider Inogen for the first 120 MWp of the 1,2 GW self-consumption SPP project. The first project is scheduled to become operational in 2025, while the 1,2 GW capacity project is targeted for completion in 2027. Fuat Tosyalı, Chairman of Tosyalı Holding, announced at Davos 2025: "With this investment, Tosyalı will generate approximately 50% of its self-consumption from solar energy." During his interview at the World Economic Forum, Fuat Tosyalı highlighted the critical role of renewable and clean energy in industrial facilities, stating, "We continue to invest in advanced clean energy technologies under our vision of ‘Tosyalı for a sustainable life.’ As part of this vision, we have taken the first step toward one of the world’s largest self-consumption SPP projects with a capacity of 1,2 GW by initiating the first project in Osmaniye. We are happy to collaborate with GE Vernova, one of the world’s leading companies in this field, and Inogen, Turkey’s leading EPC contractor. We will produce our solar panels in Osmaniye. Starting with the first project, these panels will be deployed across SPP sites in eight provinces. By doing so, we aim to meet approximately 50% of our energy needs from solar energy. This will make us stronger and more independent in energy usage and further strengthen our position among the world's leading green steel producers." Although various SPP projects have been implemented in Turkey and worldwide, Tosyalı’s 1,2 GW project stands out as one of the largest self-consumption-focused projects carried out under a single umbrella. Construction for the first 120 MW project has already begun in Osmaniye. 1,2 GW self-consumption solar project will be implemented in three phases. Ali Murat SOYDAN, Prof. Dr. Chairman of Inogen Group: “We are happy to be involved in this pioneering project of Tosyalı, a symbol of green transformation in the world and our country. When all the Tosyalı projects are completed, we will strengthen our position as the green transformation leader in our country working with GE Vernova. In these projects, which will be carried out in 10 different provinces with more than 2000 employees, we plan to go through an efficient and fast installation process and commission all the power plants as soon as possible, with the support of our global partners.’’ Ed Torres, GE Vernova’s Power Conversion & Storage Business Leader: "Along with Inogen, we are proud to support Tosyalı’s ambitious goal of developing one of the world’s largest self-consumption solar power projects. By supplying our advanced solar technology, providing design and engineering services, and facilitating ECA financing, we aim to help Tosyalı achieve greater energy independence and accelerate the transition toward a more resilient energy future."
Issuer: Tosyali Holding Key word(s): Energy Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group. |
Source - DGAP Regulatory
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