Türkiye has taken a decisive step in its energy strategy through a landmark solar agreement, highlighting strong regional cooperation and a growing commitment to clean power. The renewable energy investment deal was signed in Riyadh between Türkiye and Saudi Arabia.
The agreement focuses on large-scale solar energy projects across Türkiye. Moreover, the deal carries an estimated value of $2 billion. Turkish Energy Minister Alparslan Bayraktar confirmed the signing during official talks in Saudi Arabia.
The governments signed an intergovernmental renewable energy agreement. Bayraktar met Saudi Energy Minister Abdulaziz bin Salman Al Saud in Riyadh. Together, they advanced a strategic energy partnership between both nations.
Under the agreement, Saudi companies will build solar and wind facilities in Türkiye. These projects will reach a combined capacity of 5,000 megawatts. As a result, Türkiye strengthens its long-term renewable energy roadmap.
In the first stage, developers will construct 2,000 megawatts of solar capacity. The projects will rise in Sivas and Karaman, located in central Anatolia. These regions offer strong solar potential and grid access.
According to officials, the projects will receive full external financing. International financial institutions will also provide credit support. Therefore, Türkiye limits fiscal pressure while attracting foreign capital.
The planned solar plants will supply electricity to nearly 2.1 million households. Consequently, the projects support energy security and population growth needs. Officials highlighted the social impact alongside economic value.
Electricity purchase agreements will last for 25 years. Karaman projects will sell power at €1.995 per kilowatt-hour. Meanwhile, Sivas projects will sell electricity at €2.3415 per kilowatt-hour.
Bayraktar stressed the importance of local participation. He stated that the projects target 50 percent local content. This approach supports domestic manufacturing and skilled employment.
The Türkiye solar deal also aligns with national energy goals. Türkiye aims to reach 120,000 megawatts of solar and wind capacity by 2035. Therefore, the agreement marks a major milestone.
Officials expect construction groundwork to begin in 2027. The first phase should finish by late 2027. Full completion should follow during 2028 and 2029.
Beyond generation, both sides discussed deeper electricity cooperation. They reviewed possible transmission links between Saudi Arabia and Türkiye. Such interconnection could reshape regional power trade.
President Recep Tayyip Erdogan attended the Riyadh visit. His presence underscored political support for the Türkiye solar deal. Analysts expect further Gulf investments in Türkiye’s energy sector.
Looking ahead, the agreement may attract additional renewable investors. It also strengthens Türkiye’s position as a clean energy hub. Ultimately, the partnership reflects shared economic and sustainability goals.
