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Conergy Launches Solar Operations In Turkey

Posted On:
November 23, 2015
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United States
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Germany-based Conergy has partnered with Turkey-based CO Group to establish RKT Conergy.The co-owned joint venture will provide project development; financing; engineering, procurement and construction; and operations and maintenance services to the Turkish market with a focus on the commercial and industrial segment.The CO Group is part of the Cenay Group, which is active in electrical infrastructure, real estate, construction and telecommunications. One of the CO Group's companies, RKT, has developed over 800 MW of wind parks.RKT Conergy will be led by Heinz-Peter Tienken, vice president global engineering and service at Conergy and Utku Korkmaz, managing director of RKT."We made good progress in building up a pipeline within the unlicensed PV segment and already have 30 MW of secured grid," says Korkmaz. "With the addition of Conergy, which is both bankable and experienced in the solar sector, we will be able to further strengthen and speed up our project development activities."

According to a new report from Navigant Research, worldwide revenue from all forms of residential distributed generation and energy storage will grow from $52.7 billion annually in 2014 to $71.6 billion in 2023.Solar photovoltaic panels are the most visible form of the broad disruption caused by distributed energy resources (DER), Navigant says. The growing affordability of DER technologies is altering utilities’ traditional relationship with residential customers by giving customers greater control of their energy consumption.One key driver for this sector, according to the report, is continuing advances in new technologies, such as more efficient energy storage systems (ESS).

These advances, along with government subsidies for ESS, often in the form of feed-in tariffs, are enabling the combination of rooftop solar PV systems and residential energy storage in order to collect and store energy for use when sunlight is unavailable or there is a power outage."Rooftop solar PV is just one of the technologies that are transforming the traditional residential power industry," says Neil Strother, principal research analyst with Navigant Research. "Some of these technologies, such as residential combined heat and power, are in the early stages of market development, while solar panels are more mature. Nonetheless, these energy innovations and attractive financing mechanisms provide residential customers with new options."
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