Smart Güneş Teknolojileri

What Smart Güneş Teknolojileri does

Smart Güneş Teknolojileri is a vertically integrated Turkish solar energy manufacturer and EPC contractor, founded in 2014 and headquartered in Beykoz, Istanbul. It operates the full solar value chain at two domestic facilities: a 2,400 MW solar module production line at Gebze/Kocaeli (established 2014) and the Aliağa/İzmir Integrated Production Facility, which houses an 800 MW solar cell line (expanding to 2,200 MW by year-end 2025) and a 1,500 MW silicon wafer line that entered commercial production in July 2025. The company serves enterprise customers, utilities, government YEKA tender projects, banking-sector self-consumption installations, and a 100+ dealer network across Turkey, with exports to 20+ countries via sales offices in Germany, Ukraine, Romania, the Netherlands, Switzerland, Spain, Bulgaria, and Greece.

The company's core offering bundles domestically manufactured solar panels, cells, and now wafers — qualifying for Turkey's YEKA local-content mandates — with full-scope EPC (Engineering, Procurement, and Construction) services, project financing support (including a Garanti BBVA Leasing partnership and a 250M TL sukuk debut), and operations and maintenance. Product lines span MonoPERC, Half-Cut Cell, Bifacial, Premium Plus MBB, and the next-generation XT panels (166mm, 9BB, 450W); the Phono Solar co-branded line is produced under a 2017 joint venture with China's SUMEC Group. Beyond product and project sales, the company owns and operates a 300+ MW portfolio of solar power plants generating recurring electricity revenue under feed-in tariffs and power purchase agreements.

Smart Güneş is publicly traded on Borsa İstanbul (ticker: SMRT) since a 2022 IPO that was 9.5x oversubscribed (534.7 million TL); it is included in the BIST 100 and BIST Sustainability Index. The 1,100+ employee workforce — 42% female — supports a group structure with wholly-owned subsidiaries spanning solar R&D, equipment marketing, and holding functions under parent Smart Holding A.Ş. Reported awards include four consecutive Deloitte Technology Fast 50 Turkey appearances (Big Star award in 2024), a first-year CDP Climate Change 'B' rating, BIST Sustainability Index inclusion, and membership in the Ultra Low-Carbon Solar Alliance.

Name

Smart Güneş Teknolojileri

Legal name

Smart Güneş Enerjisi Teknolojileri Araştırma Geliştirme Üretim Sanayi ve Ticaret A.Ş.

Website

https://smartsolar.com.tr

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Smart Güneş Teknolojileri is a vertically integrated Turkish solar manufacturer producing silicon wafers, solar cells, and modules, combined with turnkey EPC services and project financing support for enterprise, utility, government, and banking-sector customers across Turkey and 20+ export markets.

Ownership category

akta.pro rank

Product category

Solar Manufacturing and EPC

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

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

Keywords

• Solar panel manufacturing
• Photovoltaic cell production
• Solar EPC services
• Wafer manufacturing
• Renewable energy infrastructure

Headquarters

HQ city

Beykoz

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Solar Module and Panel Sales: Sale of domestically manufactured solar panels and modules produced at Gebze and Aliağa facilities. Panels are sold to solar power plant investors, commercial and industrial enterprises, dealer networks, and exported to 20+ countries. Includes Half-Cut, MonoPERC, Bifacial, and XT panel product lines.
2. Solar Cell Sales: Sale of domestically produced solar cells from Aliağa manufacturing facility (800 MW capacity, expanding to 2,200 MW). Critical component for YEKA compliance and local content requirements.
3. EPC (Engineering, Procurement, and Construction) Services: Turnkey solar power plant project development, engineering, procurement, and installation services. Includes project financing support. Contracts include 4 battery storage GES projects worth $80.7M USD and multiple other solar plant projects.
4. Operations and Maintenance: Ongoing operation and maintenance services for installed solar power plants, ensuring long-term performance and reliability.
5. Solar Power Plant Investment: Direct investment in solar power plants (300+ MW installed), generating electricity revenue through feed-in tariffs and power purchase agreements.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Smart Güneş Teknolojileri manufactures and sells photovoltaic solar panels, solar cells, and silicon wafers produced at its Gebze and Aliağa facilities in Turkey (combined 2,400 MW module, 800 MW cell, and 1,500 MW wafer capacity). The company delivers end-to-end solar power plant solutions covering engineering, procurement, construction (EPC), project financing, and ongoing operations and maintenance, while also directly investing in and operating 300+ MW of solar power assets. Revenue is generated through hardware sales to investors, dealers, and 20+ export markets, plus service fees for EPC and O&M contracts.

Product overview

Smart Güneş Teknolojileri is a vertically integrated solar energy technology company offering a comprehensive portfolio of products and services. The core offerings include solar panels (2,400 MW capacity), solar cells (800 MW capacity), and wafers (1,500 MW capacity) manufactured at Gebze and Aliağa facilities in Turkey. The product portfolio includes branded Smart Solar panels and Phono Solar panels (in partnership with SUMEC), with various technology lines such as MonoPERC, Half-Cut Cell, Bifacial, and Premium Plus MBB panels. Beyond manufacturing, the company provides full EPC (Engineering, Procurement, and Construction) services, operation and maintenance, financing solutions, and operates 110+ electric vehicle charging stations under the Solargize brand. The company also makes solar power plant investments totaling 300+ MW.

Differentiator

Problem solved

Functional benefit

Brands

• Smart Solar: Primary brand for solar panels and energy solutions
• Phono Solar
• Solargize

Products and services

• Smart Solar Panels

Quantifiable outcome

• Manufacturing capacity of 2,400 MW solar panels, 800 MW solar cells, and 1,500 MW wafers
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Asya Ges Enerji Üretim Sanayi Ticaret Limited Şirketi (Asya Ges)coreStrategic or Co-development Partner · 1 January 2025Asya Ges (subsidiary of Smart Holding A.Ş.) entered a KDV-hariç 80.7 million USD contract with Smart Güneş Teknolojileri for the development and turnkey installation of 4 battery storage solar power plants across Turkey. Asya Ges provides project financing while Smart Güneş supplies domestically manufactured solar panels from Aliağa facility and handles engineering and installation.
• Özel Adem Ceylan Final Meslek Teknik KolejiminorStrategic or Co-development Partner · 1 January 2024Education and training partnership to develop future green energy professionals. Smart Güneş contributes sector expertise and technical knowledge to vocational high school students pursuing careers in renewable energy.
• SUMEC Group (Phono Solar)coreStrategic or Co-development Partner · 1 October 2020SUMEC Group (parent of Phono Solar brand) and Smart Güneş established a joint venture for solar panel manufacturing at the Gebze facility in 2017. SUMEC serves as investor in the 23 MW Bingöl GES project. The partnership includes joint product development (Phono Solar and Smart Solar branded panels), technology collaboration, and joint marketing in Turkey and Europe. Products jointly produced have received 'Top Performer' recognition from DNV-GL.
• Garanti BBVA LeasingcoreGTM or Marketing Partner · 2 July 2020Strategic partnership agreement signed on July 2, 2020, providing preferential financing solutions for solar energy investments. Garanti BBVA Leasing offers leasing financing for solar projects where Smart Güneş serves as EPC contractor. Jointly marketed to solar investors seeking project financing, combining Smart Güneş's EPC capabilities with Garanti BBVA Leasing's financial products.
• Akfel Holding (Aden, Ages, Bayen, Buges, Marges, Muges, Niges Energy Companies)coreChannel Partner/ Reseller/ DistributorAkfel Holding's group of energy companies selected Smart Güneş as solution partner for multiple GES projects totaling 20,921 kWp across Adıyaman, Elbistan Kahramanmaraş, and Niğde. Smart Güneş provided EPC services and Phono Solar branded MonoPERC panels. Projects projected to generate 37 million kWh annually.
• Smart Holding A.Ş. (and group subsidiaries)coreStrategic or Co-development PartnerSmart Holding A.Ş. is the parent group company. Subsidiaries include Smart Solar Araştırma Geliştirme Enerji. San. ve Tic. Ltd. Şti., Smart Sumec Enerji Ekipmanları Paz. A.Ş., Smart Güneş Enerji Ekipmanları Paz. A.Ş., and Asya Ges Enerji. Group structure enables integrated operations across solar manufacturing, investment, and distribution.
• TWRE (Turkish Women in Renewables and Energy)minorStrategic or Co-development PartnerSmart Güneş partnered with Turkey's first and only gender equality initiative in the energy sector to provide joint training programs through Smart Akademi, promoting women's participation in the renewable energy workforce.

Scale indicators14 records

Recent moves13 records

Expansion highlights7 records

Broad incumbents

• JA Solar Technology: Top-tier global vertically integrated solar cell and module manufacturer. Comparable across the value chain (wafer/cell/module) but at materially larger scale and with global rather than Turkish-centric go-to-market.
• Canadian Solar: Vertically integrated solar manufacturer with significant utility-scale project development (EPC and IPP) globally. Closest peer in combining module manufacturing with project finance, EPC, and own-plant ownership.
• LONGi Green Energy: World-leading monocrystalline wafer and module producer. Comparable on MonoPERC and bifacial technology and vertical integration into wafers, though operating at vastly larger scale and global rather than regional footprint.
• Hanwha Q CELLS: Major vertically integrated solar manufacturer (cells and modules) with strong European market presence. Comparable on MonoPERC technology and European distribution, and a meaningful competitor for Smart Güneş's European export business.
• JinkoSolar: One of the largest global module manufacturers with vertically integrated cell/module capacity. Comparable in cell+module manufacturing focus and MonoPERC/TOPCon product lines; competes on cost and scale.
• Trina Solar: Global vertically integrated solar manufacturer with module, cell, and tracker businesses plus project development. Comparable vertically integrated structure and broad product portfolio spanning MonoPERC, bifacial, and large-wafer formats.

Regional players

• HT-SAAE: Solar module manufacturer with production in Turkey via partnership with Chinese shareholder. Competes in the same Turkish YEKA and commercial/industrial segment using locally assembled modules.

Direct peers

• CW Enerji: Turkey-based solar panel manufacturer with growing cell/module capacity and EPC services. Comparable in target market (Turkish rooftop, commercial, utility), product mix (MonoPERC modules), and channel structure (dealer + direct sales).
• Kalyon Enerji: Turkish vertically integrated solar panel and cell manufacturer with utility-scale EPC capabilities and YEKA-aligned domestic production. Closest direct peer given shared Turkish market, YEKA positioning, and panel/cell manufacturing profile.
• Risen Energy: Vertically integrated solar cell and module producer with global distribution and project development arm. Comparable in module/cell manufacturing and EPC-style project delivery, though larger and more globally diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/smartgunes
• YouTubeyoutube.com/SmartGüneşTeknolojileri
• Facebookfacebook.com/smartgunesteknolojileri
• LinkedInlinkedin.com/company/smartgunesteknolojileri
• Instagraminstagram.com/smartgunesteknolojileri

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 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 Smart Güneş Teknolojileri