TSKB Signs Consulting Agreement with Chint Green Energy's Turkish Subsidiary
Foreks - TSKB has signed a consultancy agreement with Chint Green Energy, the Turkish subsidiary of Chint Solar Group, one of the world's largest solar energy investors, to provide financial and strategic support.
TSKB (Türkiye Sınai Kalkınma (IS:TSKB) Bankası) has entered into a consultancy service agreement with Chint Green Energy, which is the Turkish subsidiary of the China-based Chint Solar Group. As part of this consultancy service agreement, feasibility modeling will be created for the financial modeling and reporting of solution processes that Chint Green Energy will offer to project stakeholders through its ESCO (Energy Service Company) business model, and TSKB will report the results of its "TSKB Electricity Price Forecast Model" to support the company's strategic investment decisions.
TSKB's Deputy General Manager Hüseyin Gürel emphasized that Chint Green Energy is one of the world's largest solar energy investors, stating that the comprehensive consultancy services will provide significant added value to the company's activities in Turkey's energy sector. Highlighting that Chint Green Energy manages solar energy project management with a capacity of 40 GW in global markets and 100 MWp throughout Turkey, Gürel noted that TSKB's Electricity Price Forecast Model results will support the company's strategic investment decisions. He expressed confidence that this strategic partnership between TSKB and Chint Green Energy will create a significant impact in Turkey's energy sector and yield efficient results for both parties.
Gürel indicated that they effectively and qualitatively manage their knowledge and experience in the economic, financial, and engineering fields within the consultancy framework. "With the aim of converting this experience into economic benefits and increasing revenue diversity, we provide services in various areas of expertise through Financial Consultancy, Technical Consultancy, and Economic Research products," he said. He emphasized that they aim to be long-term business partners for their clients in line with strategic goals and to contribute to sustainable development through their consultancy services.
Stressing the increasing importance of organic and inorganic growth within the scope of sustainable growth, Gürel said, “In today's business world, we offer our stakeholders tailored consultancy solutions with our profound expertise, enabling companies to access financing more comfortably, receive support in decision-making processes, execute professionally, and develop new areas of activity and projects with a healthy understanding of the current economic landscape.”
Dr. Chuan Lu, Global CEO of Chint Green Energy, stated that they provide end-to-end energy solutions from a single source in solar energy investments. “As Chint Green Energy, we undertake the project investments, engineering, construction, and maintenance for our partners who wish to invest in solar energy within the green energy industry chain, providing a one-stop service. Our energy solutions include using high-quality domestic solar panels produced by our group company Astronergy, a pioneer in TOPCon technology, as well as inverters and energy storage products that are produced with advanced technology and rank among the best product categories in global markets. We continuously work to make our investors' business processes more efficient and add value to energy projects. As the only company listed with three brands in the Bloomberg New Energy Finance (BNEF) Tier-1 list, we always prioritize quality and are committed to providing innovative solutions in the solar energy sector. The awards we have received, our achievements, and our strategic partnerships are tangible evidence of this vision. We are pleased to enter into this agreement with TSKB, one of Turkey's most established banks. When TSKB's deep financial consultancy experience is combined with Chint Green Energy's project management expertise to enhance the efficiency of our investors' business processes and add value to their projects, our deep commitment to customer satisfaction will be further reinforced,” he said.
Dr. Lu added that Turkey holds potential as a market for renewable energy investments and expressed that as a global energy company, they will continue to contribute to Turkey's energy infrastructure and provide solutions for their partners' sustainable development goals. “I hope this agreement with TSKB will be beneficial for both parties,” he concluded.