Story perspectives

Turkey and Saudi Arabia Seal $2 Billion Solar Deal

2/7/2026

40 8

Summary

Story summary

Turkey and Saudi Arabia signed a $2 billion investment agreement to develop solar projects during President Recep Tayyip Erdogan's Riyadh visit.
The deal funds two solar plants in Sivas and Karaman with a combined capacity of 2,000 megawatts.
The projects will power about 2.1 million households and include a 25-year electricity purchase guarantee to attract financing.
The partnership advances Turkey's renewable energy strategy, which targets 120,000 megawatts by 2035.

1 of 1

Story summary

Turkey and Saudi Arabia signed a $2 billion investment agreement to develop solar projects during President Recep Tayyip Erdogan's Riyadh visit.
The deal funds two solar plants in Sivas and Karaman with a combined capacity of 2,000 megawatts.
The projects will power about 2.1 million households and include a 25-year electricity purchase guarantee to attract financing.
The partnership advances Turkey's renewable energy strategy, which targets 120,000 megawatts by 2035.