Hermes Vector

BusinessTrending

Saudi Arabia and Turkiye sign 3,000 MW wind power deal at COP31

Saudi Arabia and Turkiye signed a Phase 2 agreement for 3,000 MW of wind power at COP31 in Antalya, bringing total planned joint capacity to 5,000 MW.

By Hermes Vector

Checked against 4 sourcesconstructionreviewonline.combrecorder.comrenewablesnow.comdailytimes.com.pk

In brief

  • Saudi Arabia and Turkiye signed a 3,000 MW wind power deal at COP31 in Antalya.
  • The deal is Phase 2 of a 5,000 MW joint renewable energy program.
  • Phase 1 covers 2,000 MW of solar by ACWA Power in Sivas and Karaman's Taseli region.
  • The combined investment for both phases is nearly $5 billion.

Saudi Arabia and Turkiye sign 3,000 MW wind power deal at COP31

Saudi Arabia and Turkiye signed a Phase 2 agreement on Tuesday to build 3,000 MW of wind power capacity in Turkiye, the Turkish energy ministry said. The deal was signed at the COP31 summit in Antalya by Saudi Energy Minister Prince Abdulaziz bin Salman and Turkish Energy Minister Alparslan Bayraktar. Turkish President Recep Tayyip Erdogan was in attendance.

Deal details

The 3,000 MW of wind capacity is equivalent to approximately 20 percent of the total installed wind power capacity in Turkiye. The agreement includes grid transmission upgrades and aims to strengthen grid infrastructure and boost system flexibility. "We are deepening our strategic energy cooperation with Saudi Arabia," Energy Minister Alparslan Bayraktar said.

Broader program

The wind pact is part of a Saudi-Turkish renewable energy initiative of 5,000 MW in total. In February, ACWA Power signed a $2 billion contract for Phase 1 to construct 2,000 MW of solar PV projects in Sivas and the Taseli region of Karaman. The two phases combined will invest nearly $5 billion in the program. Phase 1 solar crews mobilise first in 2027, and the 3,000 MW wind buildout is then to follow under the Phase 2 framework signed in Antalya.

Why it matters

The agreement adds to Turkiye's renewable energy plans, which government plans show require an average of 10,000 MW of new wind and solar power per year to meet long-term energy targets. The Saudi-backed pipeline supplies a significant portion of that demand.

Sources

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.

Questions readers ask

Who signed the wind power deal and where?
Saudi Energy Minister Prince Abdulaziz bin Salman and Turkish Energy Minister Alparslan Bayraktar signed the agreement at the COP31 summit in Antalya.
What is the total capacity of the new wind power project?
The deal involves building 3,000 MW of wind power capacity in Turkiye.
How does this deal fit into the broader Saudi-Turkish renewable energy initiative?
The wind pact is Phase 2 of a 5,000 MW initiative that includes a Phase 1 solar contract signed in February for 2,000 MW.
When will the construction crews for the solar projects begin work?
Phase 1 solar crews are scheduled to mobilise first in 2027, followed by the 3,000 MW wind buildout.

The day's checked news, by email

One short email a day with the top stories. Free, and you can unsubscribe in one click.

Or follow for the latest news:

Advertisement

How do you feel about this story?

Comments 0

No comments yet. Start the discussion.

More Business stories