We announced that Our subsidiary which YEO Teknoloji holds 51% share, DEFİC Globe Enerji A.Ş. (Defic Globe), signed a shareholder agreement with Shanghai Electric Power Co. Ltd. (SEP) to make the investment of two separate solar power plants under the ownership of Defic Globe's Subsidiary on 13.08.2024. 

As per the agreement, we will jointly make the investment of solar power plants with a total capacity of 129 MWp with Shangai Electric Power Co Ltd (SEP), one of China's leading energy investment groups, which has energy production facilities with capacity of 22.400 MWh as of 2023.

Turn key construction of solar power plant including engineering services, installation of high voltage substation and power transmission lines will be made by our Group Companies and the contract with total value of Eur 65,8 million was signed.

Approval of the Romanian Competition was completed and 75% of the subsidiaries' shares was transferred to SEP. Remaining 25% shares of the Subsidiaries will be kept by Defic Globe (Defic has the option to increase its own 25% shares to 30%).

The construction of power plants will start in a short time period

While Our company targeting 1 GW capacity in renewable energy sector until 2030 has gained another step on the way to be global player with capability of different project in different countries under the investor perspective, on the other hand this agreement will make great contribution to growth in construction services.