November 11, 2026
The Saudi Minister of Energy, Prince Abdulaziz bin Salman, and his Turkish counterpart, Alp Arslan Bayraktar, signed a memorandum of understanding to enhance bilateral cooperation in electricity sector projects.
The memorandum was signed on the sidelines of the thirty-first session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), held in the Turkish city of Antalya, in the presence of Turkish President Recep Tayyip Erdogan.
The Saudi Ministry of Energy explained, in a statement, that this memorandum comes as a continuation of the cooperation agreement in the field of renewable energy concluded between the governments of the two countries on February 3, 2026, which entered into force on October 21, 2026.
The agreement stipulates the development of renewable energy projects with a total capacity of up to 5,000 megawatts, to be implemented in two phases by ACWA Power, as the approved investor from the Saudi side. The first phase includes projects with a capacity of 2,000 megawatts, while the second phase includes additional projects with a capacity of 3,000 megawatts.
The Ministry indicated that remarkable progress has been made in implementing the first phase projects, while efforts for the second phase have reached advanced stages.
The second phase’s work includes developing stations to generate electricity from wind energy, supported by an advanced electricity transmission infrastructure based on high-voltage direct current (HVDC) technology, in addition to energy storage systems with used batteries.
It is hoped that these investments will contribute to supporting Turkey’s capabilities in the renewable energy sector, developing the electricity network infrastructure and raising its efficiency and flexibility, as well as strengthening the strategic partnership between the Kingdom of Saudi Arabia and the Republic of Turkey in the fields of energy and investment.
