Solar2

Global Investment Holdings continues to develop additional projects in accordance with both licensed and unlicensed regulations in Turkey. GIH plans to achieve a significant solar power generation capacity within the next few years.

Ra solar

In January 2015, Ra Solar won the tender held by the Turkish Electricity Transmission Company (TEİAŞ) to build a 9 MW solar plant in Mardin, in southeastern Turkey. The Mardin facility is under construction and expected to start power generation in 2018 to be able to have the acceptance for YEKDEM.Companies that use solar power will receive the greatest support from YEKDEM, with a Treasury-guaranteed tariff rate of 13.3 dollar-cent/kWh for 10 years. The law also provides additional support for enterprises with generation facilities that use domestically manufactured equipment and components.

Turkey benefits from an advantageous geographic position in terms of solar radiation. Assessments of solar energy potential, made by EIE and based on data measured by the State Meteorological Services, indicate that the country has an annual average of nearly 2,640 hours of solar radiation. Turkey is considered one of the three most suitable areas worldwide for solar energy, after Morocco and the USA.

Ra Solar focuses on developing solar projects in Turkey in part due to the terms and conditions outlined by the government, and in keeping with Turkey’s geostrategic assets.

Turkey has set certain targets for the nation’s centennial celebrations in 2023. One national target is to initiate a major renewable energy and energy efficiency program. This initiative will draw on Turkey’s favourable geographic conditions for generating wind, solar and geothermal power. The program aims to boost the nation's clean energy share to 30% of its total power supply by 2023.

Global Investment Holdings continues to develop additional projects in accordance with both licensed and unlicensed regulations in Turkey. GIH plans to achieve a significant solar power generation capacity within the next few years.

Bar solar

Global Investment Holdings made its first international power-generation investment by establishing Barsolar in Montenegro. Barsolar plans to develop a roof-top solar plant in Port of Adria, Bar.

The solar power plant will be constructed on warehouse roofs covering an area of more than 75,000 square meters at the port. The installed capacity of the plant is planned as 5 MW.

The Montenegro government supports renewable power generation based on a feed-in tariff mechanism, which provides the highest rate for roof-top solar power plants. Price guarantee through feed-in tariff at EUR 0.12/kwh for 12 years. Barsolar plans to complete construction of the facility by fourth quarter 2018. Once operational, Barsolar will own the largest solar power plant in Montenegro.

Partnership with Canadian Solar

Global Investment Holdings has signed a term sheet with NASDAQ listed Canadian Solar, one of the five largest solar panel producers and operators in the world, to develop and operate a pipeline of solar power projects with total capacity of up to 300 MW.

About Canadian Solar:

Founded in Canada in 2001, Canadian Solar is among the world’s five largest solar panel producers and operators with over 12,000 employees and global presence in 18 countries. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. Since establishment, Canadian Solar has delivered over 26 GW of solar modules to over 100 countries around the world. Canadian Solar has been publicly listed on NASDAQ since 2006.

PORTS

Cruise and commercial port operating activities

INDUSTRIAL

Clean and renewable energy production, compressed natural gas sales and distribution, energy efficiency and mining

REAL ESTATE

Developing and operating commercial real estate projects

FINANCE

Non-banking financial services such as brokerage, advisory and asset management

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