The Kingdom will establish two solar farms in Turkey at an investment cost of USD 2 bn, under an agreement inked during Turkish President Recep Tayyip Erdogan’s visit to Saudi Arabia. The two farms will add a combined 2 GW of capacity, powering over 2 mn households.

The details: The two solar projects will be set up in the regions of Sivas and Karaman. At a later stage, Saudi companies will add more solar and wind capacity to bring their total capacity in Turkey to 5 GW — the additional 3 GW will be “developed in accordance with the frameworks agreed upon by both parties.”

Buyer secured. A Turkish state-owned company will ink a multi-decade power-purchase-agreement securing the energy generated.

Who’s paying? The projects will be funded using external sources, with loans provided by international financial institutions, Turkey’s Energy Minister Alparslan Bayraktar said on X.

Expect to see more cooperation between the two nations, with Erdogan telling bin Salman that Turkey wants to take Saudi-Turkish ties to a higher level in sectors including renewable energy and defence.

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