Citus Power was founded in 2013 as an international-Turkish joint venture to develop wind projects in Turkey's flourishing renewables sector.
4 wind projects were developed totaling 217MW which were acquired by Acwa Power, the leading Middle East power player. This is also when we started development of our first solar PV project. At this point we were still just a project developer and investor.
We started operating our first solar project (8.8MWp) which was completely developed in-house from greenfield. Yahyalı Solar PV was, and still is one of the largest solar PV projects in Turkey. This is when we became operators and faced the challenges in owning and operating solar projects. This is when we understood the difference between regular O&M and active asset management.
In mid 2017, we transformed Citus Power into a solar asset management company and started offering this service to all solar asset owners who face the same challenges as we do, and who are in need of professional asset managers who will take care of their plants as if they own it themselves.
We started as a developer and investor in solar PV projects, eventually became an operator and "caretaker". We understand the difference between "contracting out" and actually "actively owning and overseeing" all aspects of solar PV operation and maintenance.
We now manage not only our own, but also our clients' solar assets.