A Memorandum of Understanding on cooperation in electricity projects has been signed between Saudi Arabia and Türkiye, in the presence of President Recep Tayyip Erdoğan of the Republic of Türkiye.

The signing took place on the side-lines of the 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31), held in Antalya, Türkiye, a Saudi Press Agency (SPA) report said. 

The MoU was signed by Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Minister of Energy and Natural Resources Alparslan Bayraktar, on behalf of the Republic of Türkiye.

Renewable energy

The memorandum builds on the agreement between Saudi Arabia and Türkiye on cooperation in the field of renewable energy, signed on February 3, 2026, which came into force on October 21, 2026.

The agreement provides for the development of renewable energy projects with a total installed capacity of 5,000 MWe in two phases, to be implemented by Acwa Power, the investor company designated by Saudi Arabia. The first phase envisages 2,000 MWe, while the second phase envisages an additional 3,000 MWe of renewable energy capacity.

Progress has been achieved in the implementation of the first-phase projects, while efforts towards the realisation of the second-phase projects have reached an advanced stage.

The second phase envisages the development of wind power plants, supported by high-voltage direct current (HVDC) transmission infrastructure and battery energy storage systems.—TradeArabia News Service