Skip to content Skip to Search
Skip navigation

Turkey imposes dumping duties on solar panel imports

Solar panel imports to Turkey will be subject to an anti-dumping fee of $25 per sq m Reuters/Antara Photo Agency
Solar panel imports to Turkey will be subject to an anti-dumping fee of $25 per sq m

Turkey plans to implement anti-dumping measures on solar panel imports from five countries to combat unfair competition, according to a local media report.

The countries are Vietnam, Malaysia, Thailand, Croatia and Jordan, state-run Anadolu Agency reported, citing the government’s official gazette.

The solar panel imports will be subject to a fee of $25 per sq m, Turkish trade ministry said.

Anti-dumping measures are already imposed on China, one of the largest producers and exporters of solar panels.

Last month Turkey’s Progresiva Energy Investments struck a deal with China’s Harbin Electric International to build a $600 million electricity storage facility.

He said the initial phase, which will cost $375 million, is already underway, with $300 million secured from China through Habin Electric.

In December 2023, Turkey set up its first green venture capital fund to support its target of net zero by 2053.

The Industrial Development Bank of Turkey secured a $155 million loan from the World Bank for the Turkey Green Fund, which will provide green financing to businesses, promote investment in green technologies and diversify the financial sector. 

Latest articles

Flooding in Dubai affected many people's homes. Emaar has promised .free repairs for its residents, and an upgraded sewerage system is planned

Emaar promises free repairs as Dubai launches sewerage system

Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […]

A customer paying with a credit card inside the Black Friday Market in Beirut. Lebanon wants more people to move away from cash

Lebanon launches plan to promote use of bank cards

Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]

Construction work in Kuwait. Nurseries, schools and shops are being built for the new residential district of Al Metlaa

Kuwait signs $140m contracts for Al Metlaa development

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed two contracts worth KD42 million ($140 million) to construct public buildings in Al Metlaa, a new residential district north of Kuwait City. Nurseries, stores, schools and shops will be included, state news agency Kuna reported. Electricity connections have been provided for 109 buildings in the district, […]

Iraq gas oil

Iraq to auction 30 oil and gas projects this month

Iraq will auction 30 new oil and gas projects in two licensing rounds before the end of April. The bidding round will be held on April 27, Reuters reported, citing an oil ministry statement. Last October Iraq passed a long-awaited oil and gas law, which will help the country attract more international investments into the hydrocarbon industry and boost government revenues.  Ali Metwally, an […]