{"id":75548,"date":"2023-01-12T01:50:37","date_gmt":"2023-01-12T01:50:37","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/01\/12\/the-uks-hive-energy-wants-to-invest-usd-4-bn-in-turkish-solar-energy-projects\/"},"modified":"2023-01-12T01:50:37","modified_gmt":"2023-01-12T01:50:37","slug":"the-uks-hive-energy-wants-to-invest-usd-4-bn-in-turkish-solar-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/01\/12\/the-uks-hive-energy-wants-to-invest-usd-4-bn-in-turkish-solar-energy-projects\/","title":{"rendered":"The UK\u2019s Hive Energy wants to invest USD 4 bn in Turkish solar energy projects"},"content":{"rendered":"

<\/a> UK-based Hive Energy is looking to invest USD 4 bn to develop solar farms<\/strong> generating a combined 4 GW of power in Turkey<\/strong>, according to Turkish news agency Anadolu<\/a>. The company submitted requests to Turkey\u2019s Energy Market Regulatory Authority (EMRA) to construct 30 solar plants that would range between 11 MW to 230 MW in 19 Turkish cities. The preliminary paperwork for the projects is expected to be completed by the end of 1Q 2023.<\/p>\n

The details:<\/strong> Hive Energy would partner with Turkish firms \u00c7uhadar Energy and Viva Energy to develop some of the plants \u2014 with a total capacity of 3 GW \u2014 upon raising the funds needed, the news outlet notes. Details on who the company would work with to co-develop the farms generating the remaining 1 GW have not been disclosed.<\/p>\n

Not Hive\u2019s first rodeo:<\/strong> The company owns a 10.5 MW solar plant<\/a> in Turkey which generates enough energy to power 1.3k homes in the country and offsets 10k tons of CO2 equivalent per year, according to their website<\/a>.<\/p>\n

A recent regulatory change may drive more investment Turkey\u2019s way:<\/strong> The country\u2019s EMRA enforced a regulation in November that streamlines the process<\/a> for firms to secure a pre-license and grid capacity without enrolling in lengthy and costly auctions, with the stipulation that the firm co-locates battery storage assets. EMRA\u2019s framework is expected to rake in investments between USD 20-25 bn<\/a> for renewable energy projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK-based Hive Energy is looking to invest USD 4 bn to develop solar farms generating a combined 4 GW of power in Turkey, according to Turkish news agency Anadolu. The company submitted requests to Turkey\u2019s Energy Market Regulatory Authority (EMRA) to construct 30 solar plants that would range between 11 MW to 230 MW in […]<\/p>\n","protected":false},"author":1,"featured_media":75549,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,94,42,191],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-solar","tag-solar-energy","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"ae10ff89-fda4-416f-994c-701187f7158a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/279.jpg","photo_position":"above","related_issue":[75541],"teaser":"","voice_url":""},"yoast_head":"\nThe UK\u2019s Hive Energy wants to invest USD 4 bn in Turkish solar energy projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/01\/12\/the-uks-hive-energy-wants-to-invest-usd-4-bn-in-turkish-solar-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UK\u2019s Hive Energy wants to invest USD 4 bn in Turkish solar energy projects\" \/>\n<meta property=\"og:description\" content=\"UK-based Hive Energy is looking to invest USD 4 bn to develop solar farms generating a combined 4 GW of power in Turkey, according to Turkish news agency Anadolu. 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