New Energy
Turkish Companies Go Solar at Record Pace to Cut Energy Costs
Electricity bills have soared in Turkey as the lira has collapsed, spurring a rush for renewables.
Demand for solar power is booming in Turkey as companies look for ways to cut electricity costs.
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A record number of Turkish companies are installing solar systems to avoid soaring electricity costs caused by a collapse in the currency and a spike in global energy prices.
More than 300 companies applied in the past two weeks alone for approval to install solar panels, Mustafa Yilmaz, head of Turkey’s energy market regulator, told the state-run Anadolu Agency.