Renewable energy cooperation deal for solar projects in Türkiye

By Global Infrastructure Sherpa · Feb 22, 2026

Development Solar announced Istanbul, Türkiye Feb 22, 2026

USD4B

Deal Value

2 GW

Capacity

development

Stage

Sivas and Taşeli Solar Power Plant Projects

Project

The first phase of a 5-gigawatt renewable energy cooperation deal between Türkiye and Acwa covers 2 gigawatts of solar projects in Türkiye's central provinces of Sivas and Karaman. The construction of the 2 gigawatts of solar capacity is expected to begin next year after permits and environmental approvals are completed, with the first electricity targeted for early 2028.

Deal Analysis

This renewable energy cooperation deal between Türkiye and Acwa for 2 GW of solar projects in Sivas and Karaman represents a significant step towards expanding Türkiye's solar energy capacity. The project, slated to begin construction next year pending permits and environmental approvals, aims to deliver first electricity by early 2028. While the deal value remains undisclosed, the scale of the project underscores a commitment to renewable energy development within the country. The involvement of e-Devlet Kapısı (Türkiye.gov.tr), Acwa, and EÜAŞ as developers further highlights the collaborative nature of this initiative, bringing together governmental and private sector expertise. The development of 2 GW of solar capacity will contribute substantially to Türkiye's energy mix and potentially reduce reliance on traditional energy sources. This project aligns with global trends towards decarbonization and renewable energy adoption. The success of this initial phase could pave the way for further expansion under the broader 5-gigawatt renewable energy cooperation deal, solidifying Türkiye's position as a growing player in the renewable energy market.

2 GW solar project in Türkiye's central provinces of Sivas and Karaman.
Part of a larger 5 GW renewable energy cooperation deal.
Construction expected to begin next year, with electricity targeted for early 2028.
Involves collaboration between Türkiye, Acwa, and EÜAŞ.

Market Context: The solar energy sector in Türkiye is experiencing growth, driven by government incentives and increasing demand for clean energy. This deal highlights the country's attractiveness as an investment destination for renewable energy projects.

Source Intelligence

KEY DETAILS

The second phase will cover the remaining 3 gigawatts of capacity. Quote: "The planned signing would cover the remaining 3 gigawatts of capacity under a government-to-government agreement between the two countries, following this week’s deal for the first 2 gigawatts of solar projects in Türkiye's central provinces of Sivas and Karaman." The new phase will be a mix between solar and wind and storage. Quote: "The new phase "will be a mix between solar and wind and storage," he added, noting that the company is also considering integrating storage into the initial 2-gigawatt solar projects."

“

Deal Size

The total investment under the 5 gigawatt framework is expected to reach $4 billion-$5 billion

“

Capacity

a major 5-gigawatt (GW) renewable energy cooperation deal between Türkiye and the Saudi Arabian company Acwa

“

Location

signing ceremony in Istanbul for the Sivas and Taşeli solar power plant projects

“

Announcement

Feb 22, 2026

“

Signing

The second phase of a major 5-gigawatt (GW) renewable energy cooperation deal between Türkiye and the Saudi Arabian company Acwa is set to be signed at the U.N. climate summit COP31 to be held in Antalya later this year

“

COD

"We are going to start our dispatch of the first electricity of this 2 gigawatts by the beginning of 2028, and we will be able to produce it all in 2028"

“

Expected Close

Financial close is targeted for 2027.

PARTIES MENTIONED IN SOURCE

Acwa developer

"a major 5-gigawatt (GW) renewable energy cooperation deal between Türkiye and the Saudi Arabian company Acwa"

EÜAŞ null

"The investment agreement was signed by EÜAŞ General Manager Zafer Benli (R)"

high quality Enriched Feb 22, 2026