Saudi companies to develop 5 GW of solar and wind capacity in Türkiye

Saudi companies, through The Partnerships Initiatives (PI) program, plan to develop up to 5 GW of solar and wind capacity in Türkiye, representing a $2 billion investment. The initial phase focuses on 2 GW of solar projects located in Sivas and Karaman. This development agreement signifies a substantial commitment to renewable energy infrastructure in Türkiye and highlights the growing collaboration between Saudi Arabia and Türkiye in the energy sector. The deal is notable for its scale, with 5 GW of planned capacity representing a significant addition to Türkiye's renewable energy portfolio. The involvement of Saudi companies through the PI program, which focuses on public-private partnerships, suggests a strategic approach to infrastructure development. The investment will likely have positive implications for Türkiye's energy security and its efforts to reduce carbon emissions.