Saudi Firms to Invest USD 2 Billion in Two Solar Farms in Turkey

Saudi companies are set to invest USD 2 billion in the construction of two solar power plants in Turkey, marking a significant expansion of Saudi-backed renewable energy projects in the country. The initial phase will deliver a combined capacity of 2,000 megawatts.

According to Turkey’s Energy Minister Alparslan Bayraktar, the agreement covering the renewable energy projects was signed in Riyadh during President Recep Tayyip Erdogan’s recent visit to Saudi Arabia. The deal followed discussions with Saudi Energy Minister Prince Abdulaziz bin Salman and forms part of broader energy cooperation between the two countries.

Under the first phase, one solar power plant will be built in the eastern province of Sivas, while the second will be developed in the central province of Karaman. Bayraktar said the two facilities together will be capable of meeting the electricity needs of approximately 2.1 million households across Turkey.

The minister added that Saudi companies plan to expand their renewable energy footprint in Turkey beyond the initial phase. In subsequent stages, the total capacity of solar and wind power plants developed by Saudi investors is expected to reach 5,000 megawatts.