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Turkey, China Sign MoU Paving Way for US$15bil Renewable Energy Investment

Turkey aims to raise the share of renewables in its installed power capacity to 77% by 2040 under its long-term energy strategy.

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A “Memorandum of Understanding on Cooperation in the Field of Renewable Energy” was signed between the Turkish Ministry of Energy and Natural Resources and the National Energy Administration of the People's Republic of China within the framework of the COP31 climate summit held in Antalya. Commenting on the new memorandum on his social media accounts, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar said that in addition to i…

Energy and Natural Resources Minister Alparslan Bayraktar stated that within the scope of the cooperation with China, which foresees an investment of approximately 15 billion dollars, they aim to implement a total of 7,000 megawatts of solar and wind power plants, new energy storage systems, and 4,000 megawatts of electricity transmission infrastructure.

·Istanbul, Türkiye
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Minister of Energy and Natural Resources Alparslan Bayraktar announced that a "Memorandum of Understanding on Cooperation in the Field of Renewable Energy" was signed with the National Energy Administration of the People's Republic of China.

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bloomberght.com broke the news on Thursday, November 12, 2026.
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