Smart Güneş Enerjisi Teknolojileri listed on Borsa İstanbul with the ceremony held on March 24, 2022. Shares offered to potential investors started trading on BIST STARS with ticker code "SMRTG".
In his address at the opening ceremony, Korkmaz Ergun, CEO of Borsa İstanbul A.Ş., stated the following:
"Dear guests,
Today I welcome you to the opening ceremony organized by our stock exchange as we celebrate the listing of Smart Güneş Enerjisi Teknolojileri on our stock exchange.
We are happy to see this prominent company operating in the renewable energy sector and providing inflow of foreign exchange to our country through exports thanks to its engineering and design services.
As the importance of renewable energy continues to grow with a changing climate and increasing risks in energy supply, I firmly believe that seeing our renewable energy companies on our stock exchange both in terms of protecting the environment and of the energy independence of our country is extremely important. This IPO is of great importance to our company as it will be globally competitive with the support it receives from our investors.
Dear guests,
Smart Güneş Enerjisi Teknolojileri launched an exclusive IPO with a total IPO value of 535 million TL and sale to 102 thousand investors. On this occasion, I would like to thank everyone who contributed to this successful IPO process, all the employees of the company and the intermediary institution. I wish him well for our capital markets. I would like to welcome Smart Güneş Enerjisi Teknolojileri to the Borsa İstanbul family.”
Technology and retail giants such as Apple, Amazon and Walmart are among the leading companies using renewable energy sources. In Turkey, Smart Solar Technologies, which is seeking to assess global opportunities, plans to invest the resources it earns from the IPO in solar cell technologies and start-ups
Commitment to renewable energy has grown over the past few years as investment in the field has increased, with the retail technology industry leading the charge.
Companies, including prominent names like Apple and Amazon, are embracing renewable energy in a push to green operations and limit their environmental impact.
Apple is the US corporate leader with nearly 400 megawatts (MW) of installed solar capacity, followed by other giants such as Amazon and Walmart, according to a report by the Solar Energy Industries Association (SEIA).
As for Turkey, investments are increasing in parallel with the increase in the use of solar energy.
Smart Solar Technologies is among the growing players in the industry, establishing itself as one of the leading integrated solar energy companies in Europe.
It operates in turnkey installation services and manufacturing of photovoltaic modules and offers a wide range of solar energy solutions for commercial and commercial users.
The Istanbul-based company managed to end 2021 with a turnover of around $95 million (14.05 billion pounds). Adding momentum to its ambitions to become a major player on a global level, it is now a candidate for the stock market, with the listing of the Borsa Istanbul Stock Exchange (BIST).
Investments in cellular technology
Smart Solar Technologies plans to add to its investments in research and development (R&D) as well as support technology startups, according to its co-founder and CEO Halil Demirdag.
Demirdag says the company will allocate a third of the resources it earned from the IPO to an investment in the Aliağa district in the Aegean province of Izmir, where it plans to set up a solar cell manufacturing plant.
Saying that they will increase their investment with cellular technology, which is the building block of solar panels, Demirdag said: "Behind our publicity story is the idea of branding, institutionalization and 'becoming a global player.' We aim to grow more quickly. and increasing profitability.”
Great potential
Demirdag further explained the company's goal of achieving an annual turnover of billions of dollars in the next 10 years, highlighting the high potential of solar cell investments for Turkey.
“Turkey can be a serious player in the field of cells in the world. Our country has the potential to become a strong player in solar energy through growth similar to that of the automotive sector," he noted.
The investments are promising for the future of the industry, Demirdag said. "Turkey is not in the top five for solar in the world, but it will be," he noted.
The solar energy industry provides jobs to around 100,000 people in Turkey, said Demirdag, who is also head of the Turkish Solar Energy Industry Association (GENSED). He also pointed out that about $3 billion is generated annually in the solar economy.
Smart Solar Technologies manages its production using the latest technology, the CEO said.
“We install two-sided solar panels. Thanks to this, we can get solar energy even from reflections from white snow or white pebbles laid on a surface," he said.
Demirdag said they started their business in Sarioglan, a small town in the central Turkish province of Kayseri, which is very competitive and is called the "northernmost region of the sun."
"There was a loan from the European Bank for Reconstruction and Development (EBRD). We completed an installation in cooperation with China-based Sumec. By 2015, Turkey had put in place regulations paving the way for the shutdown of domestic solar production and imports. So we decided to expand and with a total investment of 30 million dollars, of which 12 million was made in the first stage, we set up facilities in Gebze, where our production is currently underway."
Photo: Internet
According to materials from foreign media
