Turkey and Saudi Arabia Sign 2,000 Megawatt Solar Energy Agreement

Strategic Energy Partnership and 2,000 Megawatt Investment Energy cooperation between Turkey and Saudi Arabia has reached a new milestone with a massive solar energy project.
Electricity Generation Inc.
(EÜAŞ) and Saudi Arabian energy giant ACWA Power have signed a power purchase agreement for solar power plants (SPP) to be implemented in the Sivas and Karaman Taşeli regions.
Minister of Energy and Natural Resources Alparslan Bayraktar emphasized that this 2,000-megawatt investment will be one of the largest direct foreign investments in the Turkish energy sector.
It was noted that the electricity purchase under the agreement will be at the lowest price levels recorded to date.
Bayraktar stated that this step aligns with Turkey's strategy to strengthen energy supply security while reducing costs.
2035 Renewable Energy Vision Highlighting Turkey's renewable energy transformation, Bayraktar noted that by the end of 2025, 62% of the total installed capacity will consist of renewable sources.
The Minister stated that the goal is to increase the current 40,000-megawatt solar and wind capacity to 120,000 megawatts by 2035, requiring the addition of 8,000 to 10,000 megawatts of new capacity every year.
This growth rate is emphasized as being equivalent to the total installed capacity of many European countries.
Future Goals: Data Centers and Storage Touching upon the increasing global energy demand driven by digitalization, artificial intelligence data centers, and electric vehicles, Bayraktar mentioned that the cooperation with ACWA Power could expand to include data centers in the future.
In the next phase, an additional 3,000-megawatt investment in wind, solar, and energy storage is targeted.