Pekintaş produced cells with a Chinese partner and exported 150 million dollars to the US

Pekintaş gave a 10 percent stake to a Chinese technology partner to carry out cell production in Turkey and achieved 150 million dollars in exports to the US market. The investment is expected to increase from 300 million dollars to 500 million dollars.

While most solar panel manufacturers in Turkey meet their cell needs through imports, Pekintaş followed a different path by giving a 10 percent stake to a Chinese technology partner and carried out cell production in Turkey. With the cell factory and panel production commissioned in April, the company realized 150 million dollars in exports to the US market. Company official Özhan Olcay stated that some of the deliveries are still on the way, noting that American buyers conducted factory and raw material audits.

EKONOMİ Newspaper General Coordinator Vahap Munyar evaluated the investments together with Servet Yıldırım on the CNBC-e broadcast, explaining that Pekintaş carried out a technology transfer from China. Munyar stated that the factory, established with an investment of 300 million dollars, is likely to reach 500 million dollars in the future considering its empty spaces. He also conveyed that the company expanded its field of activity from construction and building materials to solar panels and cell technology, shifting towards energy investment with a total of 280 megawatts of stored solar energy projects across 10 different regions.