EVCIL GROUP TO INVEST USD 40M IN SPPS

BY HUSEYIN GOKCE

Operating in the electricity contracting sector, Evcil Group aims to invest USD 40m in solar power plant (SPP) projects year-round, according to Mustafa Evcil, General Manager of Evcil Solar Enerji. The company completed the 6 MW SPP installation in Hungary. Evcil Group plans to adopt a 50MW investment in India. Alongside another investment in Hungary, the company also plans to carry out a 20MW SPP project on its rooftop photovoltaic (PV) power station in the country. After the sector reached market saturation due to increasing SPP investments since 2012 in Turkey because of the impact of incentives, Evcil Group decided to seek expansion abroad.

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