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CW Enerji

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About CW Enerji

CW Enerji operates as a manufacturing and service company in the photovoltaic power generation sector. It manufactures solar panels and provides consulting, projecting, system design, solar power plant installations, and many other services. The company was founded in 2010 and is based in Antalya, Turkey.

Headquarters Location

Antalya Organize Sanayi Bölgesi 1. Kısım Atatürk Bulvarı No:20 Döşemealtı



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Latest CW Enerji News

Weekend Read: A manufacturing bridge between Europe and Asia

May 13, 2023

Turkish solar industry insiders say the nation boasts more than 60 module makers. Murat Guven, founder and CEO of Kaangokay, an independent PV manufacturing consultancy, charts 72 companies which are either active or qualify for “investment incentives” but “may cancel them or delay … investment.” The picture offers stark contrast with a solar industry that numbered a handful of, mostly small-scale, operators between 2018 and 2020. “We have very nice regulations now,” says Tolga Murat Özdemir, vice-president of GENSED (Güneş Enerjisi Sanayicileri ve Endüstrisi Derneği, the Turkish solar industry association) and CEO of Kontek, an engineering, procurement, and construction services business based in Izmir. Citing the net metering rules driving demand, Özdemir adds: “For 10 years we have been suffering but we have worked hard to have good rules [for solar] in place.” The regulation in question makes for an attractive economic environment for commercial and industrial (C&I) solar, in particular, and fertile turf for domestic manufacturers. Chinese modules are prohibited in Turkey, under strict anti-dumping rules, and C&I arrays featuring domestic modules can attract tax incentives of 30% or 40%. An additional protectionist measure sees imported, non-Chinese modules attract tariffs – interestingly based on panel weight – of up to $95 per panel. As a result, standard Turkish mono-PERC (passivated emitter rear contact) modules can cost $0.40 per watt of generation capacity to $0.43/W, compared to $0.22/W to $0.25/W in China and the rest of Europe. Robust demand Nevertheless, the Turkish market is flourishing, if not thriving. While government installation figures require some deciphering, GENSED chief Özdemir says around 2.5 GW of solar was installed in 2022. “It will be not less than 3 GW next year,” he adds. Others are less optimistic and place the 2022 figure at 1.5 GW but it is clear Turkey’s industrial base is turning to solar to reduce power bills. The country remains largely dependent on energy imports and big industrial consumers have sought to reduce outgoings. The 30% to 40% tax incentive available when domestic modules are used and the net metering tariff structure make C&I solar attractive. The ability to “wheel” off-site PV arrays via the grid and using net metering, is an additional kicker for companies with less solar-suitable rooftops or in higher-cost regions. Enter more manufacturers Turkey’s solar manufacturing sector has responded to the strong C&I conditions, high prices, and domestic-production tax incentives. PV module making and, to a lesser extent, cell production, is booming in Anatolia. That manufacturing expansion was in full view at the Solarex trade show in Istanbul in April. There was a dazzling array of exhibition booths from new Turkish module makers. With panel prices relatively high, and incentives in place, large Turkish industrial companies are establishing module production lines to supply their own C&I projects. “We do see a noticeable growth in the production segment,” says Kaangokay founder and CEO Guven. “The main reason for this is that panel prices were, artificially, kept very high in Turkey, especially at the end of 2021 and throughout 2022. Some Turkish textile manufacturers, who are aware of sales and global market costs and are especially concerned about border carbon adjustments, have decided to become panel manufacturers themselves rather than pay these high profit margins to producers.” Evidence of those high margins is contained in some Turkish manufacturer disclosures. Antalya-based CW Enerji has been producing solar modules since 2010 and proudly claims to be the country’s “408th-largest company” based on sales – as tracked by the Istanbul Chamber of Industry and Commerce. Alongside module production, CW Enerji is engaged in the entire PV project development supply chain, from investment through to operation and maintenance, and is planning to list publicly. “In its IPO documents, it can be seen that the company sold modules with a 19% net profit margin in 2022,” says Guven. This is compared to margins of 5.7% in 2020 and 0.3% in 2021. Guven estimates CW Enerji’s current production output is just shy of 900 MW. Popular content Upstream expansion At present, the bulk of solar manufacturing in Turkey remains module assembly. Given the strong demand, larger and more established producers have upgraded facilities to the latest technologies: M10 cell formats, dual glass encapsulation, large modules, and multi-busbar interconnection, for example. They are also adopting negatively-doped, n-type cells, namely TOPCon (tunnel oxide passivated contact) devices – enabled by policy vagary that permits the import of PV cells from China with limited trade barriers. There is some cell production capacity in Turkey, most prominently the Kalyon facility outside the capital Ankara – which also features ingot and wafer production. Istanbul-based Smart Solar Technologies is understood to be pursuing expansion into cell production although some cell manufacturing equipment providers have reported progress has been slow. China’s HT-SAAE has the longest track record of cell production in Turkey, with an annual manufacturing capacity of some 800 MW. However, as its production is located in the “Istanbul Free Trade Zone,” it is deemed outside the Turkish customs zone and operates on an export-only basis. The company currently produces cells and modules in its facility for export, free of trade restrictions, to the US market. It supplies Europe, not including Turkey, from its Chinese factories. Vertically integrated manufacturer Kalyon, having recently achieved UL certification for its modules, reports that it has achieved its first 25 MW sale to the US and is also looking to increase overseas sales. Kalyon acknowledges, however, that “such low prices” present in Europe remain a hurdle. The company has started its “phase three” manufacturing expansion plan, under which it plans to add around 900 MW of TOPCon cell capacity – bringing its total cell output to 2 GW. Not all of those lines will be served by Kalyon’s in-house ingot and wafer production. “Turkey’s solar export level, excluding free zone exports, is around $14 million – with the vast majority of these exports going to Syria,” says Kaangokay’s Guven. Equipment supply Given the strong demand for upgrades and expansion, China’s PV module manufacturing equipment providers are doing brisk business in Turkey. As the table below indicates, established solar manufacturers in the country are working almost exclusively with Chinese line integrators, including Jinchen, SC-Solar, and Confirmware. Top 15 active PV module manufacturers in Turkey, 2023 Brand Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Newsletter

CW Enerji Frequently Asked Questions (FAQ)

  • When was CW Enerji founded?

    CW Enerji was founded in 2010.

  • Where is CW Enerji's headquarters?

    CW Enerji's headquarters is located at Antalya Organize Sanayi Bölgesi 1. Kısım Atatürk Bulvarı No:20 Döşemealtı, Antalya.

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