HT Solar aims to increase exports to the USA with giant investments

Starting its operations in Turkey in 2016 as a China-based manufacturer, HT Solar is moving towards the future with important goals through new technologies and investments.

Reaching a capacity of 2 GW in installed power in Turkey, HT Solar alone meets approximately 20% of the country's solar energy. Competing with world giants by being listed in Bloomberg's prestigious TIER 1 list, HT Solar exports annually 1 GW to the USA market through Turkey alone.

HT Solar has started work on new investments to increase its exports to the USA, which has the largest demand in the world.

Explaining the details of the investments involving establishing factories in Turkey and the USA in the solar energy field on a podcast program hosted by Kerem Çilli, HT Solar Energy Sales and Marketing Director Emre Kulaç emphasized that they will increase their exports with these investments and provide significant added value to Turkey.

Providing information about the solar cell production facility to be established in Turkey, Emre Kulaç said, "We currently have a cell production facility in Turkey with an annual capacity of 1 GW for the USA market. By the end of this year, we will invest in a new cell production factory with a capacity of 2 GW. Our total cell investment in Turkey will reach 3 GW."

Emre Kulaç, stating that with this new investment of approximately 50 million dollars aimed to be completed by the end of 2024, they will provide Turkey with high value-added knowledge and experience in the field of solar energy, also highlighted the importance of producing the cell technology at the heart of solar panels in Turkey.

HT Solar is setting up a new production line in the USA

Emre Kulaç, Sales and Marketing Director of HT Solar Energy, also stated the following about their goals to establish a production line in the USA:

"The USA is trying to increase its production capacity with laws that encourage local production. Our goal now is to establish a new panel production line of approximately 1.5 GW in the USA by the end of this year. By the end of 2024, HT Solar will have three facilities in Turkey, one in China, and one in America, producing at three different locations.

HT Solar is the number one producer in Turkey

Established in 2016 in Istanbul Tuzla Free Zone as a subsidiary of the People's Republic of China's HT-SAAE, HT Solar Energy produces solar cells and panels.

With an annual 2 GW solar panel production capacity, HT Solar provided 2 GW of panels to approximately 12 GW of installed power in Turkey. The company, which has nearly 500 employees, closed the year 2023 with a turnover of 554 million dollars, and its total assets reached 3 billion liras. With these figures, HT Solar has maintained its leadership among panel manufacturers on the ISO 500 list since 2018.

Having made a 35 million dollar R&D investment from its establishment to the present, the company develops solar panels with PERC and TOPCON technologies. HT Solar aims to become the first company in Turkey to start flexible panel production by starting flexible panel production in a short time.

In addition to Turkey and the USA, HT Solar produces solar panels for many countries such as Germany, Poland, the Netherlands, and Brazil.

A member of PV Cycle, HT Solar was selected as one of the "Best Performing Producers" in 2023 by PV Evolution Labs (PVEL), a US-based test laboratory and one of the most prestigious institutions in the sector. Thus, HT Solar succeeded in being the only producer selected from Turkey with the solar panels it produces in Istanbul.