RIYADH — Saudi Arabia and Türkiye signed an agreement on renewable energy power plant projects on Tuesday, strengthening strategic cooperation between the two countries in the energy sector.The agreement was signed in Riyadh during the official visit of Turkish President Recep Tayyip Erdoğan to the Kingdom.Saudi Energy Minister Prince Abdulaziz bin Salman signed on behalf of Saudi Arabia, while Turkish Minister of Energy and Natural Resources Alparslan Bayraktar signed for Türkiye.The deal aims to expand bilateral cooperation in renewable energy and green technologies, supporting the development and implementation of high-quality projects that contribute to diversifying the energy mix, enhancing energy security, and accelerating the transition toward a low-carbon economy, in line with the priorities of both countries.Under the agreement, solar power projects with a total installed capacity of up to 5,000 megawatts will be developed in Türkiye in two phases.The first phase includes two solar projects in Sivas and Karaman with a combined capacity of 2,000 megawatts, while the second phase will add a further 3,000 megawatts under frameworks agreed by both sides.Investments in the first phase are estimated at nearly $2 billion and are expected to supply electricity to more than two million Turkish households.Electricity generated by the projects will be purchased by a Turkish state-owned company under a 30-year agreement, with a strong emphasis on maximizing the use of local equipment and service providers during implementation.The agreement marks a significant step toward deepening the Saudi-Turkish investment partnership and reflects mutual trust and a shared commitment to expanding cooperation in strategic projects with sustainable economic and developmental impact.They added that the projects will also support knowledge transfer, capacity building, and long-term mutual benefits.
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