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Kardemir to invest $81 million in solar power plants
Original: Kardemir plans to invest $81 million in solar power stations
Turkish steelmaker Kardemir plans to invest $81 million in solar power stations, according to the company's announced investment plan. The move signals the industrial group's push into renewable energy, likely aimed at cutting energy costs and reducing reliance on external power suppliers. The announcement is drawing attention from energy and industry watchers tracking how heavy manufacturers are shifting toward renewables.
Why now: Kardemir, a major steel producer, announced a sizable renewable energy investment, a notable strategic shift for an industrial company.
Evidence
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