Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi

What Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi does

Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi A.Ş. (Elin A.Ş.) is a vertically integrated Turkish energy and contracting company founded in 1981 in Ankara. It manufactures photovoltaic modules under its proprietary Sirius PV brand and as a licensed OEM producer for Viessmann at its 85,000 m² Başkent Organized Industrial Zone facility (2,500 MW/year capacity), with a second 750 MW/year factory under construction at ASO 2nd OSB following a 300 million TL investment. Beyond module manufacturing, Elin delivers turnkey EPC services for utility-scale and rooftop solar plants, full-scope electrical and mechanical contracting for large construction projects (hospitals, malls, residential complexes, government buildings), and ongoing O&M services, while also owning 16.80 MWp of operating solar capacity (Afta GES and Solana GES) in Karapınar, Konya.

Elin's customer base spans government (Turkish Presidential Palace), healthcare (Isparta City Hospital PPP), real estate (Tepe Nautilus AVM, Forum Mersin AVM, Akfen İncek), energy developers (Akfen Renewable Energy, Diana Enerji), and banking (Kuveyt Türk, Garanti BBVA Leasing). It distributes products and services through direct enterprise sales, group subsidiaries (Sirius PV, İnsel, Sunspectra), Viessmann's OEM channel, and Elsun Energy in Europe, with international sales/marketing presence in the USA and Croatia. Revenue is generated through a mix of hardware module sales, project-based EPC contracting, recurring O&M services, and IPP electricity generation, with pricing handled via project-specific quotes rather than published tiers.

Governance remains family-led under Chairman Arda YALI (son of founder Savaş Elgin YALI), supported by a structured C-suite (CCO, CSO, CIO, CGSO, CPO, CFO). The company holds an extensive ISO certification stack (9001, 14001, 45001, 27001, 50001, 10002, 37001, 26000), PV Cycle membership, and EPDK licenses for its owned power plants. It is pursuing a public listing on Borsa Istanbul, as evidenced by its İzahname (prospectus) and KAP disclosures on its investor relations site.

Name

Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi

Legal name

Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi A.Ş.

Website

https://elin.com.tr

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Elin A.Ş. is a Turkish vertically integrated energy company that manufactures Sirius PV solar modules, delivers turnkey EPC for solar and electrical-mechanical projects, and operates owned solar plants, serving government, healthcare, real estate, and energy developer clients across Turkey, the USA, and Europe.

Ownership category

akta.pro rank

Product category

Solar Energy Equipment Manufacturing & Electrical-Mechanical Contracting

NAICS

Electrical Equipment Manufacturing (3353), Electrical Equipment Manufacturing (33531), Solar Electric Power Generation (221114)

SIC

Miscellaneous Electrical Machinery, Equipment & Supplies (3690), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)

Keywords

• Photovoltaic module manufacturing
• Solar EPC contracting
• Electromechanical installation services
• Renewable energy projects
• Operation and maintenance services

Headquarters

HQ city

Ankara

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Photovoltaic Module Manufacturing & Sales: Manufacture and sale of photovoltaic modules under the proprietary Sirius PV brand, as well as licensed production for Viessmann. Revenue is generated through product sales to distributors, installers, project developers, and end customers. Manufacturing is conducted at facilities in Başkent OSB (2,500 MW/year capacity) and the new ASO 2 OSB plant (750 MW/year).
2. EPC (Engineering, Procurement, Construction) Contracting Services: Turnkey delivery of solar energy plants and electrical-mechanical installation projects. Revenue is one-time per project, earned through fixed-price or cost-plus contracts with investors, developers, and construction companies. Covers both large-scale terrain-type and rooftop GES projects.
3. Project Development Services: Pre-development services including land identification, environmental impact assessment (ÇED), permitting, engineering design, and project management for energy plants. Revenue may be earned as consulting fees or as part of the overall EPC contract.
4. Operation & Maintenance (O&M) Services: Recurring maintenance and operational support services for installed solar plants and electrical systems, providing recurring service revenue from existing customer installations.
5. Retail Electrical Materials Supply: Supply of electrical materials (inverters, cables, lighting fixtures, LV/HV equipment) through group companies İnşel/Insel and Sunspectra. Revenue generated through product distribution and supply to contractors and end customers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Elin manufactures photovoltaic (PV) modules under its proprietary Sirius brand and under Viessmann license at its Başkent OSB factories (combined capacity ~3,250 MW/year) and sells electrical equipment, energy systems and solar solutions through its subsidiaries. It additionally executes electrical-mechanical EPC contracting, project development, and operation & maintenance services for industrial, utility, governmental, and renewable energy clients.

Product overview

Elin A.Ş. is a Turkish energy solutions provider offering a comprehensive portfolio of products and services in the renewable energy and electrical/mechanical contracting sectors. The core offering centers on Photovoltaic Module Manufacturing through their Sirius brand (produced at their 85,000 m2 Başkent OSB factory) and licensed Viessmann production. Their service portfolio includes three contracting verticals: Electrical Contracting Services (covering power systems, automation, SCADA), Energy Contracting Services (EPC for solar plants, On-Grid/Off-Grid systems, energy storage), and Mechanical Contracting Services (fire fighting, HVAC, cooling systems). Project Development Services support energy plant development from land identification through permitting and financing. Retail Product Supply is handled through group companies İnşel and partner Sunspectra. Elin also operates two solar power plants (Afta GES at 13.72 MW and Solana GES at 3.08 MW) totaling 16.80 MWp in Karapınar, Konya.

Differentiator

Problem solved

Functional benefit

Brands

• Sirius PV: High-performance photovoltaic module brand of Elin Group, manufactured at company facilities

Products and services

• Sirius PV Modules Proprietary-branded photovoltaic modules produced at Elin's Başkent OSB factory (2,500 MW/year first plant + 750 MW/year second plant) and sold for solar power plant, commercial, industrial and residential installations.
• Viessmann-Branded PV Modules (Licensed) Photovoltaic modules produced under Viessmann license at Elin's Başkent OSB facilities, marketed under the Viessmann solar brand via the licensing partnership.
• Electrical Contracting Services Design, supply, and installation of high, medium and low voltage electrical systems for industrial, commercial, infrastructure and public-sector projects, including SCADA, automation, and HVAC integration.
• Energy Contracting Services (EPC) Engineering, procurement and construction services for energy plants, including on-grid and off-grid solar power plants, energy storage systems, and combined energy projects delivered to public and private clients.
• Mechanical Contracting Services Design, supply, and installation of mechanical systems, including HVAC, plumbing and related building/industrial mechanical works, delivered alongside Elin's electrical scope on infrastructure projects.
• Solar Power Plant Project Development End-to-end development of solar power plants (GES) for clients and the group's own portfolio, including site development, permitting, engineering, module supply via Sirius, and EPC delivery.
• Operation & Maintenance (O&M) Services Long-term operation, monitoring, and maintenance services for energy plants, solar power plants, and electrical-mechanical installations delivered by Elin and its group companies.
• Retail Electrical Materials and Accessories Supply Supply of electrical materials, accessories, and Sirius PV modules to installers and end-buyers through the group's retail subsidiaries İnsel Elektrik and Sunspectra.

Quantifiable outcome

• 16.80 MWp owned solar capacity generating 27,516,000 kWh/year of green electricity
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Kuveyt TürkcoreGTM or Marketing PartnerStrategic partnership between Kuveyt Türk participation bank and Elin Enerji for rooftop GES (solar energy) financing and installation. The collaboration enables Kuveyt Türk customers to access solar energy solutions with Islamic financing structures, combining financial services and clean energy technology.
• Garanti BBVA LeasingcoreGTM or Marketing PartnerGaranti BBVA Leasing and Elin Enerji signed a cooperation protocol to offer financing solutions for solar energy projects, enabling customers to acquire GES installations through leasing arrangements.
• ViessmanncoreOEM/ Whitelabel/ Licensing PartnerELİN is a licensed manufacturer of Viessmann-branded photovoltaic modules at its Başkent OSB facility. This OEM agreement enables ELİN to produce and sell Viessmann PV products, leveraging Viessmann's brand reputation and distribution network.
• SunspectrasupportingChannel Partner/ Reseller/ DistributorSunspectra supplies inverters to ELİN and group companies for use in solar energy system installations. ELİN sources inverter products through Sunspectra for its EPC and project development activities.
• İnşel / InselsupportingChannel Partner/ Reseller/ DistributorGroup company İnşel (Insel) serves as the primary distributor of electrical materials (LV/HV equipment, cables, lighting fixtures) for ELİN's contracting activities and retail supply operations.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Aksa Enerji: Aksa Enerji is a Turkish power producer and IPP with growing renewable energy exposure. While broader in scope than ELİN, it competes in Turkish renewable power generation and project development, particularly solar IPP investments like ELİN's Afta and Solana GES plants.
• Europower Enerji: Europower Enerji is a Turkish engineering and EPC company active in power plant construction including solar and wind. Comparable to ELİN in utility-scale renewable EPC execution and electrical-mechanical project delivery.

Broad incumbents

• Jinko Solar: Jinko Solar is one of the world's top-tier PV module manufacturers by volume and a major exporter into Turkey. Relevant as a global incumbent that competes with ELİN's module business on price and scale in the Turkish and adjacent markets.
• Hanwha Q Cells: Hanwha Q Cells is one of the world's largest PV module manufacturers with global production and distribution. Relevant as a global incumbent competing against ELİN's modules in Turkey and export markets, and as a benchmark for module scale economics.

Direct peers

• Kalyon Enerji: Kalyon Enerji is a Turkish vertically integrated solar company combining PV module manufacturing (Panasonic OEM partnership) with EPC and project development. It is the closest direct competitor to ELİN in the Turkish PV manufacturing and utility-scale EPC market, sharing the same customer base (YEKA projects, large institutional clients) and business model.
• Çalık Enerji: Çalık Enerji is a major Turkish EPC contractor operating in power generation, transmission, and distribution. Comparable to ELİN's energy contracting and EPC business, particularly in utility-scale and infrastructure solar and electrical-mechanical projects.
• CW Enerji: CW Enerji is one of Turkey's largest PV module manufacturers with significant domestic production capacity and EPC operations. It competes directly with ELİN's Sirius PV modules in the Turkish market and serves overlapping rooftop and utility-scale solar customers.
• Smart Solar Technologies: Smart Solar is a Turkish PV module manufacturer focused on the domestic market with EPC project delivery. Comparable to ELİN in scale, customer base (rooftop and utility-scale), and module-OEM positioning.
• Kontrolmatik Engineering: Kontrolmatik is a publicly listed Turkish engineering and EPC firm active in energy, industrial automation, and power systems. It competes with ELİN in electrical-mechanical contracting for substations, energy projects, and industrial automation/SCADA.

Emerging players

• Viessmann (Climate Solutions): Viessmann is the German HVAC and energy solutions company that licenses ELİN to manufacture Viessmann-branded PV modules. Relevant as an OEM partner/peer for solar modules and integrated energy/HVAC solutions, especially in European markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elin Elektrik İnşaat Müşavirlik Proje Taahhüt Ticaret ve Sanayi