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Saudi-Türkiye Power MoU

Saudi-Türkiye Power MoU

Saudi Arabia and Türkiye signed a memorandum of understanding to cooperate on electricity projects on the sidelines of the COP31 conference in Antalya. It was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his Turkish counterpart, Alparslan Bayraktar. The memorandum complements an agreement to develop renewable energy projects with a total capacity of 5,000 megawatts through ACWA Power, in two phases of 2,000 and 3,000 megawatts. The second phase includes wind farms, high-voltage direct-current electricity transmission infrastructure, and battery storage systems.

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