ANKARA: Hive Energy announces the opening of a new regional headquarters in Ankara, Turkey. The expansion marks the company’s next step in its growth strategy to build an international presence in the global solar PV market with sights set on building a portfolio of 50MW of solar PV projects in the country.
Tolga Metin, a graduate of the Middle East Technical University with BSc, MBA and MSc degrees takes the helm as General Manager and brings to the role extensive experience having developed a portfolio of 18 MWs of PV solar power plants in the region including one of the country’s first unlicensed PV Solar projects. The new offices are located in central Ankara close to the Energy Ministry of Turkey, Electricity Distribution Company of Turkey (TEDAS) and the Energy Market Regulatory Authority Headquarters (TEDAS).
Conditions in Turkey both geographically and politically mark it as one of Europe’s optimum countries for solar power generation with the annual average insolation duration reaching 7.2 hours per day. Covering just one half of 1% of the land area of Turkey with solar panels would be sufficient to generate all of the electricity consumed. Despite these facts, the country has a relatively undeveloped solar PV market. Only 0.6% of power comes from renewable sources with just 170 MW of solar commissioned to date compared to 2.6GW capacity installed in Greece, 8GW in the UK and 27GW in Germany.
