US EditionSaudi Arabia to build $2 billion solar farms in Turkey, Turkish energy minister says
- On Tuesday, Saudi Arabia agreed to invest $2 billion to build two solar farms totalling 2,000 MW in Turkey, signed by Alparslan Bayraktar and Prince Abdulaziz bin Salman in Riyadh.
- In recent years, Saudi companies plan to build projects totaling 5,000 MW, starting with a 2,000 MW first phase in Turkey's Sivas and Karaman, as part of energy cooperation.
- Credit lines from global institutions will support the construction, and Bayraktar said the investments are financed entirely through external financing with backing from international financial institutions and Saudi companies.
- As a direct outcome, Turkish electricity capacity and high-level ties gain, with the solar power plants meeting the needs of 2.1 million households in Turkey, Bayraktar said.
- Experts caution that the thaw requires balancing ties, noting Umar Karim said, `I think its in this visit that it will become clear what Turkey can commit to Saudis in terms of this rivalry with UAE and in terms of the security threat from Israel`, as reports indicate Turkiye won't join a Saudi‑Pakistan pact.
34 Articles
34 Articles
Saudi Arabia will invest two billion dollars in Turkey to build photovoltaic parks with 2,000 MW capacity, Turkish Minister of Energy Alparslan Bayraktar sent last night.
Erdogan reaches Saudi Arabia for landmark visit
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Saudi Arabia to build $2 billion solar farms in Turkey
Saudi Arabia will invest $2 billion to build two solar farms with total capacity of 2,000 MW in Turkey, the Turkish energy minister said on Tuesday. During Turkish President Recep Tayyip Erdogan's visit to Riyadh, Turkey's Energy Minister Alparslan Bayraktar and his Saudi counterpart Prince Abdulaziz bin Salman signed an agreement on renewable energy power plant projects, Bayraktar said in a post on X. Under the agreement, Saudi companies will c…
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