US EditionSaudi Arabia to build $2 billion solar farms in Turkey, Turkish energy minister says
Saudi Arabia's $2 billion investment will build 2,000 MW solar plants in Turkey's Sivas and Karaman provinces, powering over 2 million homes and marking first phase of 5,000 MW capacity.
- 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
• Meets Crown Prince Mohammed Bin Salman as ties between ex-rival nations improve in last two years• State-run news agency reports Turkish president will travel to Egypt today RIYADH: Turkish President Recep Tayyip Erdogan arrived in Riyadh on Tuesday, Saudi media said, his first visit to the kingdom in over two years as Saudi Arabia moves closer to its rival-turned-ally. Ties between Turkiye and Saudi Arabia have steadily recovered in recent ye…
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…
Military cooperation, drones and Gaza at the center of Erdogan's contacts with Riyadh and Cairo
Coverage Details
Bias Distribution
- 45% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
