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Saudi Arabia and Turkey signed a memorandum of understanding to cooperate on electricity projects in the presence of Turkish President Recep Tayyip Erdoğan, on the sidelines of the COP31 climate conference in Antalya. Under the agreement, renewable energy projects with a total capacity of 5,000 megawatts will be developed through ACWA Power in two phases: 2,000 megawatts in the first and 3,000 megawatts in the second. The second phase includes wind farms, high-voltage direct-current electricity transmission infrastructure, and battery storage systems.
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