Turkish steel producer Çemtaş Çelik Makine Sanayi ve Ticaret A.Ş. (Çemtaş) has announced that it has signed an agreement worth $32.49 million excluding VAT, including land costs, with solar energy equipment supplier CW Enerji for its ground-mounted solar power plant (SPP) investment in Derik, Mardin. The project is planned to become operational by the end of the fourth quarter of 2026.
In its statement, the company noted that the investment aims to reduce energy costs and support sustainable production targets. According to the announcement, the company expects that, together with its existing SPP facilities and this new investment, nearly all of its current electricity consumption will be covered.
Renewable energy investments gain momentum
It was stated that the ground-mounted SPP investment to be carried out by Çemtaş is expected to contribute significantly to meeting the company’s electricity consumption through renewable energy sources.
As energy costs have increased in recent periods, industrial companies have increasingly turned to solar energy investments, while similar investments have also accelerated in the steel sector.
Strategic move against energy costs
Since energy expenses account for a high share of steel production costs, solar energy investments are considered strategically important for the sector.
Çemtaş’s agreement with CW Enerji is also viewed as an important step toward controlling energy costs and enhancing competitiveness.