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/26^th May 2013, By CSUN/ CSUN, a specialized manufacturer of solar cells and modules took the next step in its globalization approach and celebrated the grand opening of its factory in Istanbul yesterday together with the Turkish Minister of Energy Taner Yildiz, the Vice President of the government party and parliament member Salih Kapusuz as well as the Chinese Consul General Zhang Qingyang. 

The inauguration was celebrated with about 200 invited guests, including high-ranking government officials, customers, financial institutes and media representatives. The event was highlighted by the ribbon-cutting ceremony with the Turkish Energy Minister Taner Yildiz, the Vice President of the government party Salih Kapusuz, CSUN’s Chairman Lu and JV partner Seul Energy’s Chairman Cargi Seymen. Additionally, a framework agreement with EPC and project developer Sybac for 100 MW of module supply and a cooperation agreement with TÜV Rheinland was signed. Furthermore, the local banks AKBANK and ISBANK officially confirmed their support for CSUN Eurasia and its business in the Turkish and European markets.

During his speech the Minister of Energy Taner Yildiz expressed his support for the local PV industry and underlined the importance of solar power for Turkey. On CSUN’s factory, he comments: “I would like to congratulate CSUN because they invested not only in module production but also in cell manufacturing in our country. With this local production, investors will benefit from higher feed-in-tariffs.”

More information about this promising market you may read here: Turkey Photovoltaic (Solar PV) Market Outlook 2013 – 2018