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Turkish photovoltaic solar panel producer CW Enerji signed a memorandum of understanding (MoU) to supply $750 million worth of equipment to a U.S. client.
According to a disclosure from the company on late Wednesday, the deal covers the sale of solar panels designed and manufactured by the company, along with associated components and aluminum frames.
Under the terms of the deal, the project is expected to run through the end of 2030. The company plans to receive an initial advance payment in 2026, amounting to 5% of the total value, equivalent to $37.5 million.
Following the advance, the company will proceed with shipment planning, initiating the operational phase once the payment is secured, the statement noted.
Unit prices and other commercial terms tied to the project will not be fixed at this stage. Instead, they will be determined based on prevailing market conditions at the time of each product or service delivery.
The company did not disclose the name of the partner.
Founded in 2010, CW Enerji operates in Türkiye’s southern province of Antalya, with an annual production capacity of 1.8 gigawatts (GW) for photovoltaic solar panels and 1.2 GW for solar cell manufacturing.
The company outlined plans to expand its annual solar cell production capacity from 1.2 GW to 5 GW through additional investments expected to cost $520 million. It also brought its first aluminum frame production facility online in 2025, with an annual capacity of 1,000 tons.
The company generated ₺16.4 billion ($414.7 million) in revenue in 2025, with overseas sales accounting for 4% of total sales across 60 countries, according to its latest annual report.
Following the disclosure, CW Enerji shares traded on Borsa Istanbul climbed 8% during Thursday’s session.
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