The governments of Turkey and Saudi Arabia have signed a 5GW renewable energy agreement aimed at developing projects within Turkey. Under the agreement, the Turkish government hopes that Saudi Arabian companies will construct solar photovoltaic and wind power projects across the country.
The first phase of the project will include a 2GW solar PV portfolio to be developed in the central Sivas Province and the southern Karaman Province.
Turkish Minister of Energy and Natural Resources Alparslan Bayraktar stated on the social media platform X (formerly Twitter): “We believe these investments are among the most significant examples of direct foreign investment in the energy sector and will be entirely realized through external financing.”
Bayraktar added that international financial institutions will also participate in the project financing through loans. According to the energy minister, the estimated investment for the 2GW solar portfolio is nearly $2 billion.
Furthermore, the first-phase solar power plants will incorporate 50% locally manufactured components to promote the development of Turkey’s domestic solar manufacturing industry. Last year, the country secured $2.5 billion in solar cell investments from four Turkish companies and the Chinese solar manufacturer Chint New Energy, which also announced plans to establish a TOPCon R&D center in the south-central Adana Province.
This agreement will advance the growth of renewable energy in Turkey, supporting the country’s goal of reaching 120GW in installed solar PV and wind power capacity by 2035. According to data from Turkey’s transmission system operator TEIAS, Turkey added 4.5GW of solar PV capacity in 2025 alone, bringing its cumulative operational capacity to nearly 25GW.
