Tosyali lands €187M loan for first phase of 1.4 GW solar plan
What's the deal? Turkish green steel producer Tosyali HoldingDealroom has a profile for this one. Try Dealroom → has secured €187 million ($213.9 million) in debt to fund the first phase of a project adding 261 MW of self-consumption solar photovoltaic (PV) capacity in Turkey.
What's the endgame? The financing kicks off a larger plan to build 1.4 GW of self-consumption solar capacity. The power is intended for Tosyali's own steel operations rather than the grid.
Why now? Steel is among the most energy-intensive and carbon-heavy industries. Producing its own solar power lets Tosyali cut both emissions and exposure to energy costs.
The signal: Heavy industry is increasingly turning to on-site renewables to decarbonise and hedge power bills, with steel makers among the biggest movers.
Read more: Renewables Now
