Turkey's Zorlu will invest in domestic solar panel production, announced Zorlu Holdings chairman on Tuesday in Ankara.
"Today renewable energy equipment prices are decreasing, and it has also become particularly attractive due to increased production of domestic equipment to invest in renewable energy and in wind farms," said Ahmet Nazif Zorlu, the chairman of Zorlu Holdings, one of the biggest corporate groups in Turkey at the Energy Markets Summit held in Ankara.Â
Zorlu underlined that the growth of domestic production of solar power plants will grow exponentially.
The Zorlu group is a major player in Turkey's electricity generation sector with a capacity of 420 megawatts generated from natural gas-combined conversion plants. The company operates in the search, exploration, drilling, production, and distribution activities of natural gas. It is involved in gas distribution activities in Thrace and Gaziantep regions, along with its natural gas extraction and sale activities in Thrace region.
Zorlu also holds licenses for upstream oil activities in Adana, Izmır and Mugla cities of Turkey. Â
According to Zorlu's chairman, the group aims to participate in the field of nuclear energy in Turkey.
"Nuclear energy must consist of domestic firms. The investment in nuclear energy should be made by domestic firms as much as possible. As the Zorlu Group, we are also ready to take place in the nuclear sector," said Zorlu.
Zorlu also commented on the price of natural gas and its effects on power generation and suggested that incentives on coal-fired electricity generation plants' should continue.
By Huseyin Erdogan
Anadolu Agency