Alfa Solar Enerji Sanayi Ve Ticaret A.s.BIST: ALFAS

Alfa Solar Signs Agreement With Astronergy Europe To Establish Integrated Wafer Manufacturing JV In Turkey

· Issued by Alfa Solar Enerji Sanayi Ve Ticaret A.s.

ALFA SOLAR ENERJİ SANAYİ VE TİCARET BIST:ALFAS:

  • SAID ON FRIDAY, IT SIGNS AGREEMENT WITH GERMANY-BASED ASTRONERGY EUROPE GMBH TO ESTABLISH A JOINT VENTURE IN TURKEY

  • TO ESTABLISH A FACILITY TO MANUFACTURE INTEGRATED WAFER/CELL MANUFACTURING STARTING FROM INGOT SLICING WITH A INITIAL ANNUAL CAPACITY OF 2.5 GW PER YEAR

  • TOTAL INVESTMENT FOR PHASE 1 IS EXPECTED TO BE APPROXIMATELY 200 MILLION USD

  • FACILITY TO BE BUILT IN BALIKESIR ORGANIZED INDUSTRIAL ZONE

  • SHAREHOLDING STRUCTURE OF THE ESTABLISHED JV, NAMED ASTRONERGY, TO BE 50/50 BEWEEN ALFA SOLAR AND ASTRONERGY EUROPE

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