TSKB signs consulting agreement with Chint Green Energy

TSKB signed a consulting agreement with Chint Green Energy, the Turkish subsidiary of China-based Chint Solar group, one of the world's largest solar energy investors, to provide financial and strategic support.

TSKB (Industrial Development Bank of Turkey) signed a consulting services agreement with Chint Green Energy, the Turkish subsidiary of China-based Chint Solar group. Within the scope of the consulting services agreement, a feasibility model will be created for financial modeling and reporting of solution processes that Chint Green Energy will provide to project stakeholders through the ESCO (Energy Service Company) business model, and TSKB will report the results of the "TSKB Electricity Price Forecast Model" to support the company's strategic investment decisions.

Hüseyin Gürel, Deputy General Manager of TSKB, stressed that Chint Green Energy is one of the world's largest solar energy investors, and said that comprehensive consulting services will provide significant added value to the company's operations in Turkey's energy sector.

Hüseyin Gürel, noting that TSKB will report the results of its Electricity Price Forecast Model to support the strategic investment decisions of Chint Green Energy, which manages 40 GW of solar energy projects in global markets and 100 MWp of installed capacity across Turkey, stated: "We believe that this strategic partnership between TSKB and Chint Green Energy will have a significant impact on Turkey's energy sector and will produce fruitful results for both parties."

Hüseyin Gürel, noting that they effectively and professionally manage their knowledge and experience in economic, financial and engineering fields on a consulting basis, said: "With the aim of converting this experience into economic benefit and increasing income equality, we provide services through Financial Consulting, Technical Consulting and Economic Research products in different areas of expertise." He emphasized that through consulting services they aim to be long-term business partners of clients in line with strategic objectives and contribute to sustainable development.

Hüseyin Gürel, stating that the importance of organic and inorganic growth is increasingly recognized within the scope of sustainable growth, explained: "In today's business world, we provide customized consulting solutions to our stakeholders with our deep knowledge base so that companies can more easily access financing, be supported in decision-making processes, conduct them professionally, and develop new areas of activity and projects with healthy analysis in the current economic environment."

Dr. Chuan Lu, Global CEO of Chint Green Energy, made the following remarks on the matter:

"As Chint Green Energy, we undertake project investment, engineering, construction and maintenance for business partners who want to invest in solar energy in the green energy industry chain and provide service from a single point. Within the scope of the energy solutions we provide, as Chint Green Energy, we use high-quality domestically produced solar panels from Astronergy, a pioneer of TOPCon technology among our group companies, and our inverters and energy storage products manufactured with advanced technology and ranked in the best product categories in global markets.

We work tirelessly to make our investors' business processes more efficient and add value to energy projects. As the only company with 3 of our brands on the Tier-1 list in Bloomberg New Energy Finance (BNEF), we always focus on quality and commit to providing innovative solutions in the solar energy sector. The awards we have received, the success we have achieved, and the strategic partnerships we have made are concrete evidence of this vision.

We are pleased to make this agreement today with TSKB, one of Turkey's most established banks. When TSKB's deep financial consulting experience and Chint Green Energy's project management experience come together to make our investors' business processes more efficient and add value to their projects, our deep commitment to customer satisfaction will be further strengthened.

Adding to his remarks that Turkey is a potential market for renewable energy investments, Dr. Lu stated that as a global energy company they will continue to contribute to Turkey's energy infrastructure and provide solutions for their business partners' sustainable development goals, concluding with: "I wish this agreement made with TSKB to be beneficial for both parties."