Zhengtai New Energy has announced plans to invest in the construction of a solar cell factory in Turkey. According to the agreement, Zhengtai will establish an advanced TOPCon battery production line, with a goal of exporting 80% of its output. Previously, Zhengtai had already set up a photovoltaic module factory in Turkey.
This new factory is a significant component of Turkey’s High Technology Incentive Program (HIT-30), which was launched by the Turkish government in July 2024. The program aims to attract international companies to invest in sectors such as electric vehicles, semiconductors, batteries, and renewable energy, with a total investment target of $30 billion.
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