Hive Energy’s Adıyaman PV solar project commences electricity generation

Hive Energy‘s Adıyaman PV solar project deemed to be the company’s investment in the country and has begun generating electricity.

The project commissioned and built by Hive Energy began feeding the grid at the end of February with a total installed power of 10MW. The installation will generate approximately 18 million kWh of green, clean electricity per year (the equivalent annual energy consumption of 1,300 apartments) and reduce CO2 emissions by 10,800 tonnes a year.

The company established offices in Ankara in 2015 post decoding the economical condition of the region. Hive Energy has been supported by the British Chamber of Commerce in Turkey (BCCT) who have guided and supported the company’s business development aspirations both in Turkey and in Iran.

The Adıyaman solar park has a total investment cost of $11m which was financed by UK based investors. The project has and will continue to benefit the rural economy and local community.

Tolga Metin, Hive Energy General Manager, Turkey stated “Throughout the planning and construction phase we worked hard to use local workmanship, materials and services. This park is an excellent example of how Foreign Direct Investment can have a positive impact on Turkey’s economic growth.”