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Technology and Retail giants embracing solar energy power

by Ruslan Burak
July 3, 2023
in Technology
4 min read
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Growing commitment to renewable energy over The past A few years as investments in increase field with The technology Leading the retail industry drive.

Companies, including big names like Apple and Amazon, have embraced renewables of energy in boost to green up operations and reduce their impact on The environment.

Apple was the leading company in the United States with approximately 400 megawatts (MW) of Solar installation, followed by another giants Like Amazon and Walmart, according to a report by the Solar Energy Industrial Association (SEIA).

as for In Turkey, investments escalated up Parallel to the increase in The use of Solar energy.

Smart Solar Technologies was among rising players in Industry, defines itself as one of Europe leading Integrated solar companies.

where you work in Turnkey installation services and production of PV modules and offers a wide range range of Solar solutions for commercial and retail users.

The Istanbul-based company managed to close in 2021 with rotation of About 95 million dollars (14.05 billion Turkish liras). adding pace For her ambitions to become a pioneer player on a global Level, is now stock market filter as is plans Togo public on Istanbul Stock Exchange (BIST) soon.

The company received the green color light for Initial public Offering (IPO) by the Capital Markets Board (SPK) and building It was scheduled to open on Friday.

cell technology investment

Smart solar technologies plans to add she has research And the development (R & D) investments, as well as for back technology startups, according to its co-founder and CEO Khalil Demirdag.

Demirdag says The company will allocate one-the third of Resources that you expect to gain from the IPO for investment in Aliağa district of Aegean Province of Izmir, where plans to set up A plant for the production of solar cells.

Expressing that they will increase their investments with cell – dungeon technologyand he building block of Demirdag said, “Behind us story of Going public The idea is of Branding and institutionalization and ‘becoming a global player“.We aim to grow faster and increase profitability.”

great potential

Demirdag gold on To explain the company goal of up to a billion-dollar annual yield in The next ten years, emphasizing the high potential of investing in solar cells for Turkey.

“Turkey can be serious player in field of cells in The world. Our country has the potential to become strong player in Solar energy with Its sub-industry through a boost similar to that of Automotive sector.

Investments show Prepare for The future of Demirdag said. Turkey is not like that in top five in Solar energy in the world, but that’s exactly what Turkey will do.”

Because the Turkish contracting sector is doing major projects in The worldsolar energy investments can also as a continuation of this is.”

100,000 employees

The solar energy industry provides jobs for about 100,000 people in Turkey Demirdag said, who He is also The head of Turkish Solar Industry Association (GENSED). he is also pointing to out There is an estimated $3 billion generated for each year in solar economy.

Smart solar technologies runs Produced by using The latest technology CEO said.

“we install Double side solar panels. Thanks to this, we can get solar energy even from reflections of white snow or white pebbles laid down on surface, he said.

Demirdağ stated that they started business in Sarioglan, A small village in Central Turkish Province of Kayseri, which is very competitive and nicknamed the “Far North” region in the sun.”

There was a loan from the European Bank for Reconstruction and Development (EBRD). We completed the installation in cooperation with Somic is based in China. By 2015, Turkey has put in place regulations to pave the way way before local production in Solar energy and imports stopped. Therefore, we decided to grow and with a total $30 million investment, $12 million of that was made in The first stage, we set up the facilities in Gebze, where our production is located currently Underway.”

Solar Efficiency

Demirdag gold on To emphasize Turkey’s efficiency when it comes to solar power, which he claimed is higher even from that of Germany is a major investor in Renewable energy.

“Believe me, even the Black Sea Province of Rize one of Areas seen as weakest in better solar energy off from Germany. The best Regions of Our country 2 1/2 times more Efficiency from Germany.

“There is a possibility of production of 5000 MW in Turkey, of Which produces only 1300 MW – 1500 MW. The growth of The sector will accelerate with The new Regulations being implemented and decisions this will be made. “

Technology and retail sectors adopt solar energy power

No wonder that big Companies are showing increased interest in Owning and installing their own solar and renewable energy projects.

Technology and Retail giants This has been reaffirmed and they have expressed their commitment through regular .’s statements public.

Apple is leading pimp of corporate solar energy in United State with Nearly 400 MW of total Installed capacity, followed by Amazon with Nearly 370 MW Wal-Mart with over 331 megawatts according to the 2019 report of SEIA.

Apple is investing in Solar energy in Apple Park, offices and data centers, which opened in A cost of $5 billion.

Installed Capacity (MW)

1. Apple – 398.3

2. Amazon – 369

3. Walmart – 331

4. Target – 284.8

5. Google – 245.3

Source: Solar Energy Industrial Association (SEIA)

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