As the global competitive powers of the U.S., Chinese and German companies in renewable energy are flowing into Turkey and Turkish energy companies have begun selling the experiences that they have gained from international companies to the world. Istanbul-based Seul Energy is gearing up to invest in India, while Integreen is intending to invest in Azerbaijan and Kazakhstan.
The Turkish companies that are engaged in foreign partnerships on solar energy have embarked on a quest for new markets abroad, with India and Central Asia taking the lead among their target markets. In 2013, Seul Energy Investment Corp established a solar power plant in Tuzla, Istanbul as a joint venture with China Sunergy, which is one of the leading solar panel producers in the world. It is reported that Seul Energy is now set to carry out a major project of a 20-megawatt plant in India. Another company that is seeking overseas investment in solar energy is Integreen.
Ömer Özkan, the general manager of Integreen Renewable Energy Systems, which is owned by Escort Technology Investment Inc., said that they have undertaken major projects on solar energy in Turkey and that they own 10 percent of the total installed capacity of Turkey's solar power plants. According to Özkan, the company has completed a 1.75-megawatt solar power plant in Isparta, which has become the largest project of its kind in Turkey thus far. The company will break its own record by establishing a 5-megawatt plant in Denizli. "We are gearing up to expand our experiences abroad," Özkan said.