Turkish steelmaker Tosyali Holding plans to invest nearly 1 bln dollars to install 1.2 GW of solar power capacity for self-consumption across eight provinces, expanding its renewable energy use. The company has signed agreements to build an initial 120 MW in Osmaniye, in southern Turkey.
Tosyali, which already has 235 MW of installed solar capacity, is advancing its green transition. Speaking at the World Economic Forum in Davos, board chairman Fuat Tosyali described the initiative as one of the world’s largest self-consumption solar power projects.
The first 120 MW is set to be operational this year, with full completion of the 1.2 GW capacity targeted by 2027. The project will use locally produced N-Type Topcon panels of 725 W under the Tosyali V-Solar brand.
The first phase agreements were signed with US-based GE Vernova and Turkish EPC contractor Inogen.
With this project, Tosyali aims to source about 50 percent of its energy from solar power. Fuat Tosyali also noted that the company’s carbon emissions are around 600 kilograms of CO2 per ton of steel, significantly lower than the industry average of 2.5 tons per ton of steel.
Founded in 1952 in Iskenderun, Tosyali Holding is a major steel producer with an annual production capacity of 15 mln tons and nearly 40 facilities across three continents.
