CW Energy sells $1.88 million worth of panels

Energy Diary - CW Energy Engineering Trade and Industry Inc. announced that it has signed a new solar panel sales contract with a domestic customer.

According to the statement made by CW Energy to the Public Disclosure Platform (KAP), an agreement was reached with a domestic customer regarding the sale of solar energy panels.

The contract value exceeds 77 million lira.

The total price of the agreement was reported to be $1,880,000.00 (One Million, Eight Hundred and Eighty Thousand US Dollars), excluding Value Added Tax (VAT). This amount, including VAT, amounts to 77,025,704 Turkish Lira based on the Central Bank of the Republic of Türkiye's exchange rate.

The statement stated that the new business relationship is expected to have a positive impact of approximately one percent on the company's revenue in the first six months of 2025. It was noted that delivery of these products is planned to be completed by the end of the fourth quarter of 2025.