Turkey’s Tosyal aims to cover 50% of energy needs from renewable sources

Turkish steel company Tosyalı Holding plans to invest almost $1 billion in a 1.2 GW solar energy project for self-consumption in eight provinces. This is reported by Balkan Green Energy News.

The first 120 MW is expected to be commissioned in 2025 in Osmanje in the south of the country. The full design capacity is expected to be reached in 2027. The project, which will be implemented in three phases, will use Topcon N-Type 725 Wp panels manufactured in Turkey under the Tosyalı V-Solar brand.

The agreements for the first stage were signed with the American energy company GE Vernova and the Turkish contractor Inogen.

According to Fuat Tosyalı, Chairman of the Board of Directors of Tosyalı Holding, the Turkish steelmaker aims to meet about 50% of its energy needs using solar energy with the new project. He emphasized that Tosyalı currently emits only about 600 kg of carbon per ton of steel produced, compared to 2.5 tons for other producers.

As GMK Center reported earlier, Tosyalı Holding is expanding its investments in Europe and Africa. In particular, Fuat Tosyalı said that the company is negotiating a new European acquisition, as there is a chance to turn the raw materials produced by the company in Turkey and Algeria into a final product in Europe. In early 2024, the holding acquired the Spanish steel pipe manufacturer Baika Steel Tubular System (STS).