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Turkey and Saudi Arabia signed a $2 billion deal for 5,000 MW of renewable energy, starting 2,000 MW solar in 2027.
Turkish President Recep Tayyip Erdogan's visit to Riyadh in early 2026 led to a $2 billion renewable energy deal with Saudi Arabia, funding 5,000 megawatts of solar and wind projects in Türkiye, starting with a 2,000 MW solar phase in 2027.
The agreement, signed during a broader diplomatic push, includes 30-year power contracts, localization targets, and plans for a future electricity transmission link.
It supports Türkiye’s 2035 renewable goals and Saudi Vision 2030, while also advancing defense cooperation and trade ambitions.
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Turquía y Arabia Saudita firmaron un acuerdo de $ 2 mil millones para 5.000 MW de energía renovable, comenzando con 2.000 MW solares en 2027.