Malatya to profit from more than a billion in solar energy investment

An eastern province in Turkey called Malatya is due to receive a $1.5 billion investment by a local solar power company. The investment will target intensive production of renewable energy for reduced costs that will be significantly lower than those in actual Turkey. The project will also provide thousands of new job opportunities in the region.

The solar company involved is Albright International, and it is rapidly taking full advantage of the country’s upcoming renewable energy laws. The company’s Turkish distributor has released an announcement stating that a business meeting was held between Albright’s representatives and the nation’s Prime Minister, during which a deal was put together promising the building of a manufacturing plant in the city of Malatya. The plant’s objectives will be to produce solar panels that will play into the deal’s subsequent enhancement of Turkey’s solar power production. The efforts are meant to instigate a more accessible way for solar energy consumption in the country.

Turkey’s energy demands are in a place for changing here, as the local government tries to integrate cleaner ways of energy consumption into the country’s habits. The building of the plant will also help establish the nation as a self-sustained energy supplier and user.

Humanitarian parties of the region, who have been promoting the project for a few years, have stated that the investment is long overdue, and that the thousands of jobs that the project will create will be a great addition to the nation’s economy. The main deputy of the country’s Justice and Development Party Mehmet Şahin who has already eased the transition of Anemon Hotels to Malatya is primarily responsible for the engineering of the deal, and his plight towards improving the quality of life in Malatya look like they are on the verge of paying off in full.

The subsidies provided in the deal by the government will be distributed to all interested companies by the end of October annually. Different timelines have been set up in order for renewable energy companies to come in on the deal as well. Failure to meet the deadlines will result in the amount of subsidies to be drastically lower than the initial established sum.