Turkish President Recep Tayyip Erdogan has ratified an intergovernmental agreement between Turkiye and Saudi Arabia aimed at advancing cooperation on renewable energy projects. The agreement, initially signed on February 3, was formally published in the Turkish Official Gazette following President Erdogan’s approval on August 30.

The accord establishes a framework for joint efforts in the development of renewable energy power plants, with a focus on solar energy, green technologies, and innovation. It reflects both countries’ interest in supporting large-scale renewable projects that contribute to Turkiye’s efforts to enhance its energy security and accelerate its transition to cleaner energy sources.

Under the agreement’s first phase, two solar power plants are planned for construction, one in the Sivas province and the other in Taseli, located in the Karaman province. Each facility is expected to have a capacity of 1,000 megawatts. The second phase envisions expansion through the development of additional renewable energy projects, with a combined installed capacity reaching 3,000 megawatts.

The agreement also outlines the terms for investment duration, specifying that each project’s investment agreement will be valid for 30 years starting from the commencement of commercial operations. Furthermore, it allows for an extension period of up to two years designated for the decommissioning process following the operational phase.

This collaboration marks a significant step in bilateral relations between Turkiye and Saudi Arabia in the energy sector, potentially bolstering the renewable energy capabilities of both nations while supporting regional sustainability objectives.