First Solar signs sales collaboration deal with Zorlu Holding

14th February 2017
Posted By : Alice Matthews
First Solar signs sales collaboration deal with Zorlu Holding

First Solar has announced that it has entered into a collaborative sales agreement with Zorlu Holding, a Turkish business and industrial conglomerate, to distribute its high-performance thin film photovoltaic (PV) modules in 26 selected markets. The sales agreement is the latest of its kind to be signed by First Solar as part of the expansion of its global commercial footprint. 

In 2015, First Solar also entered into a strategic alliance with Caterpillar to market and sell Cat-branded solar panels, manufactured by First Solar, through its worldwide Cat dealer network.

Under the five-year agreement, Zorlu will become a major distributor of First Solar’s modules in Turkey, Afghanistan, Albania, Bosnia, Bulgaria, Cyprus, Georgia, Kosovo, Macedonia, Pakistan, Romania, Serbia, Turkmenistan, the Ukraine and the Commonwealth of Independent States (CIS). In addition to selling PV modules in these markets, Zorlu Solar will undertake its own project development activity and will power its successful projects with First Solar technology.

“First Solar’s leading-edge technology has made it an important contributor to the growth of Turkey’s solar energy industry. As a major distributor of these high-performance modules, we hope to be able to further expand First Solar’s footprint in markets that Zorlu has active interests in,” said Sinan AK, CEO, Zorlu Energy.

“We see this agreement as an enabler of our growth strategy in the region. By leveraging Zorlu’s commercial strength in these countries we expect to gain access to module sales opportunities in emerging markets, some of which we have not previously targeted,” said Stefan Degener, Head of Business Development for Europe, Turkey, and Africa, First Solar.

As part of the agreement, First Solar will transition its existing Business Development resources in Turkey to Zorlu Solar and will close its office in Istanbul. First Solar established a presence in Turkey in 2014.


You must be logged in to comment

Write a comment

No comments




Sign up to view our publications

Sign up

Sign up to view our downloads

Sign up

IFSEC 2019
18th June 2019
United Kingdom EXCEL, London
Sensor+Test 2019
25th June 2019
Germany Nürnberg Messe
The Digital Healthcare Show 2019
26th June 2019
United Kingdom EXCEL, London
unbound london 2019
17th July 2019
United Kingdom Old Truman Brewery, London
DSEI 2019
10th September 2019
United Kingdom EXCEL, London