Saudi Arabia, Türkiye Sign Electricity Cooperation Deal at COP31, Advance 5 GW Renewable Energy Program
ANTALYA, November 10, 2026 (Saudi Arabia Breaking News) - Saudi Arabia and Türkiye signed a memorandum of understanding on electricity projects on Tuesday during the COP31 United Nations climate conference in Antalya, advancing a renewable energy cooperation program covering 5,000 megawatts of planned generating capacity.
The agreement was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and Turkish Energy and Natural Resources Minister Alparslan Bayraktar in the presence of Turkish President Recep Tayyip Erdogan.
The memorandum builds on a renewable energy cooperation agreement signed by the two governments on February 3, 2026, which entered into force on October 21.
Under that agreement, Saudi Arabia and Türkiye plan to develop renewable energy projects with a combined capacity of 5,000 MW in two phases, with Saudi-listed ACWA Power designated by the Kingdom as the investing company.
The first phase covers projects totaling 2,000 MW, while the second involves an additional 3,000 MW of generating capacity.
Progress has been made on implementing the first-phase projects, while preparations for the second phase have reached advanced stages.
The second phase includes the development of wind power plants supported by high-voltage direct current (HVDC) transmission infrastructure and battery energy storage systems.
The planned investments are expected to expand Türkiye's renewable electricity generation capacity, strengthen its power grid infrastructure and improve network flexibility.
The projects are also intended to deepen the strategic partnership between Saudi Arabia and Türkiye in energy development and investment.
The memorandum was signed on the sidelines of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), being held in Antalya.
Source: Saudi Press Agency (SPA)
