February 5, 2026

by AEA in News

Saudi Arabia to build 2 GW of solar power in Turkey within 5 GW deal

After extended negotiations, Saudi Arabia has signed an agreement enabling its companies to develop solar power plants totaling 2 GW across two provinces in Turkey. The move forms part of a broader bilateral framework covering 5 GW of photovoltaic and wind capacity.

Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, and Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman Al Saud, signed an intergovernmental agreement focused on renewable electricity generation. Bayraktar said the objective is to deliver a combined 5 GW of solar and wind power plants in Turkey with Saudi Arabian companies.

In the first phase, two 1 GW solar projects are planned: one in Taşeli in Karaman province and another in Sivas province, Bayraktar said.

Bilateral agreements positioned as a new model for large-scale projects

Bayraktar noted that tenders under Turkey’s state-backed Renewable Energy Zones mechanism (REZ/YEKA) are continuing, alongside investments in self-consumption power plants and energy storage projects. He described intergovernmental and bilateral agreements as a new model for delivering large-scale electricity generation projects, adding that such structures can secure electricity at significantly lower prices over long periods. He made the remarks in Riyadh, where the negotiations were concluded.

Bayraktar reiterated Turkey’s target to triple its combined wind and solar PV capacity to 120 GW by 2035.

He also said the investments—described as a major example of foreign direct investment in Turkey’s energy sector—would be financed externally, with loans expected from international financial institutions.

25-year offtake terms and pricing

Bayraktar stated that electricity from the Karaman solar plant would be purchased for 25 years at 1.995 euro cents per kilowatt-hour (EUR 19.95 per MWh), while power from the Sivas project would be priced at 2.3415 euro cents per kilowatt-hour. He said both levels are the lowest among Turkey’s renewable electricity plants.

He added that the projects are expected to support Turkey’s electrical equipment and services sectors through a 50% locality rate. Bayraktar estimated the first two solar power plants will require around USD 2 billion in investment and will cover the electricity needs of 2.1 million households.

According to Bayraktar, foundations are scheduled to be laid in 2027, with overall completion targeted across 2028 and 2029.

Bayraktar previously said Turkey had been in talks with Saudi partly state-owned utility ACWA.

Turkey had 25.1 GW of solar capacity and 14.8 GW of wind capacity at the end of last year, within a total installed power capacity of 122.5 GW. Bayraktar also said last week that 3.5 GW of self-consumption capacity would be allocated this year, prioritising local authorities, public institutions, and strategic and export-oriented sectors.

January 28, 2026

by AEA in News

Enercon inks first delivery of its 7 MW wind turbines to Turkey

Enercon received the first order from Turkey for its latest, 7 MW wind turbines, from Reges Elektrik.

The agreement with Reges Elektrik is for the first deployment of Enercon’s 7 MW onshore turbine in Turkey, according to the German wind turbine producer. At the same time, it is the Turkish company’s first wind energy investment.

Enercon and Reges Elektrik have launched a strategic partnership by signing a turbine supply agreement for the Demirli wind farm to be constructed in Kırşehir.

Under the deal, Enercon will supply ten of its new E‑175 EP5 E2 wind turbines, totaling 70 MW of installed capacity.

The new top model is among the highest yielding onshore wind turbines in Europe

It is the first collaboration between the two companies. The agreement was signed at Reges Elektrik’s headquarters in Istanbul.

According to Enercon, featuring a large rotor diameter of 175 meters, advanced engineering solutions, and high energy yield, the E‑175 EP5 E2 stands as its most powerful and efficient onshore turbine to date.

turkey enercon reges elektrik contract Arif Günyar Mustafa Ünal — Arif Günyar and Mustafa Ünal (photo: Enercon)

It is among the highest-yielding onshore wind turbines in Europe, the German company claimed.

Ünal: The agreement represents a significant milestone for Reges Elektrik as it makes its first investment in wind energy

Arif Günyar, Enercon Regional Head for Central Asia, the Middle East and Africa (CAMEA), thanked Reges Elektrik for its trust in his company’s technology.

“We look forward to strengthening our cooperation through future projects,” he added.

According to Mustafa Ünal, Chairman of the Board of Reges Elektrik, the agreement represents a significant milestone for his firm as it makes its first investment in wind energy.

“Partnering with Enercon and deploying the E-175 EP5 E2 turbines aligns perfectly with our long-term vision to expand our renewable energy portfolio with high-efficiency, future-proof technologies,” he stressed.

Of note, Enercon has installed wind turbines with a total capacity of 60 GW in more than 50 countries around the world.

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January 4, 2026

by AEA in News

Turkey to launch carbon market, sign deals for large renewables projects in 2026

Turkey will launch a national carbon trade market, sign intergovernmental agreements on large-scale renewable energy projects and connect 2,000 MW of energy storage to the grid in 2026. These moves will be accompanied by the historic start of electricity production at the country’s first nuclear power plant Akkuyu, and a doubling of domestic natural gas production from the Sakarya field.

These developments represent the core of the 2026 vision for energy and mining in Turkey, revealed by Minister of Energy and Natural Resources Alparslan Bayraktar.

Large-scale projects will be launched next year through intergovernmental agreements, he stressed.

The deals include solar and other renewable energy technologies and storage, Bayraktar explained.

According to the minister, Turkey remains committed to its emission reduction targets. The government plans to launch a carbon trade center and market in 2026 within the Energy Exchange Istanbul (EXIST or EPİAŞ), he said.

Of note, Turkey’s imports of a group of goods and electricity to the European Union will be subject to the CBAM carbon border tax from January 1, 2026.

Energy storage facilities totaling 2,000 MW will be commissioned in 2026

Bayraktar recalled that the country issued permits for the installation of an overall 33,500 MW of energy storage. A very small portion has been implemented so far, but 2,000 MW will be commissioned in 2026, he underlined.

The minister said Turkey is considering the introduction of Storage Resources Zones or Depolama Alanları (DEKA) in 2026.

It would be similar to Renewable Energy Zones mechanism – REZ or YEKA – for support for solar and wind projects.

Bayraktar mentioned that a 5,000 MW solar power arrangement with Saudi Arabia-based ACWA is being discussed. Of note, it is equivalent to between 30% and 40% of Turkey’s current photovoltaic capacity.

Locations for the 2,000 MW solar project are in Sivas and Taşeli

He expressed belief that the agreement for the first phase, which envisages 2,000 MW, would be finalized in the first quarter of 2026. The plan is for 1,000 MW in Sivas and 1,000 MW in Taşeli.

A solar-plus-storage project with another company from a different country in the Persian Gulf is also under consideration, Bayraktar revealed. The investment is estimated at EUR 1.5 billion to EUR 2 billion.

A floating solar power plant of about 3,000 MW will be built as soon as possible, according to Bayraktar

In Bayraktar’s view, there is great potential in floating solar power plants. The country intends to implement a floating solar power plant of about 3,000 MW as soon as possible, the minister underlined.

The partners in this endeavour could be private companies or Turkish government-controlled Electricity Generation Corp. (EÜAŞ), the minister said. He claimed significant plans have been developed for offshore wind projects for 2026.

“We are considering a model similar to YEKA for offshore wind,” he added.

Russia to provide USD 9 billion for Akkuyu

turkey 2026 vision energy Alparslan Bayraktar brifing — Photo: Ministry of Energy and Natural Resources

The Akkuyu project is entering its final stages, according to the minister.

The country secured a USD 9 billion financing package from Russia for the investment, of which USD 4 billion to USD 5 billion is intended to be drawn in 2026.

Simultaneously, the ministry is in talks with South Korea, the US, China, and Russia for nuclear projects in Sinop and Thrace.

The Sakarya gas field is expected to double its current output in 2026, to 7.5 billion cubic meters, Bayraktar underscored.

This surge will prevent approximately USD 3.2 billion in energy imports, he explained.

Post Views:116

January 1, 2026

by AEA in News

Turkey to launch carbon market, sign deals for large renewables projects in 2026

Turkey will launch a national carbon trade market, sign intergovernmental agreements on large-scale renewable energy projects and connect 2,000 MW of energy storage to the grid in 2026. These moves will be accompanied by the historic start of electricity production at the country’s first nuclear power plant Akkuyu, and a doubling of domestic natural gas production from the Sakarya field.

These developments represent the core of the 2026 vision for energy and mining in Turkey, revealed by Minister of Energy and Natural Resources Alparslan Bayraktar.

Large-scale projects will be launched next year through intergovernmental agreements, he stressed.

The deals include solar and other renewable energy technologies and storage, Bayraktar explained.

Of note, Turkey’s imports of a group of goods and electricity to the European Union will be subject to the CBAM carbon border tax from January 1, 2026.

Energy storage facilities totaling 2,000 MW will be commissioned in 2026

The minister said Turkey is considering the introduction of Storage Resources Zones or Depolama Alanları (DEKA) in 2026.

It would be similar to Renewable Energy Zones mechanism – REZ or YEKA – for support for solar and wind projects.

Locations for the 2,000 MW solar project are in Sivas and Taşeli

He expressed belief that the agreement for the first phase, which envisages 2,000 MW, would be finalized in the first quarter of 2026. The plan is for 1,000 MW in Sivas and 1,000 MW in Taşeli.

A floating solar power plant of about 3,000 MW will be built as soon as possible, according to Bayraktar

“We are considering a model similar to YEKA for offshore wind,” he added.

Russia to provide USD 9 billion for Akkuyu

The Akkuyu project is entering its final stages, according to the minister.

The country secured a USD 9 billion financing package from Russia for the investment, of which USD 4 billion to USD 5 billion is intended to be drawn in 2026.

Simultaneously, the ministry is in talks with South Korea, the US, China, and Russia for nuclear projects in Sinop and Thrace.

The Sakarya gas field is expected to double its current output in 2026, to 7.5 billion cubic meters, Bayraktar underscored.

This surge will prevent approximately USD 3.2 billion in energy imports, he explained.

Post Views:90

October 9, 2025

by AEA in News

Turkey’s TEİAŞ signs USD 750 million loan contract with World Bank

Turkish Electricity Transmission Corporation and the World Bank signed a USD 750 million loan agreement.

A USD 750 million loan will be used for the Transforming Power Transmission System Project. It would make the country’s energy future more reliable and efficient, Turkey’s transmission system operator (TSO) TEİAŞ said.

The agreement was signed in Istanbul vby the bank’s Country Director Humberto Lopez and Orhan Kaldırım, the company’s Chairman of the Board, in the presence of Minister of Energy and Natural Resources Alparslan Bayraktar, at the 11th Energy Efficiency Forum and Exhibition.

Bayraktar: Turkey plans to invest USD 28 billion in the transmission grid

“The World Bank and international financial institutions have a significant interest in Turkey’s energy infrastructure, particularly its electricity and natural gas sectors. Turkey is a hub country,” Bayraktar stated.

He recalled that the country plans to invest USD 28 billion in electricity transmission infrastructure by 2035.

The minister revealed that discussions on such projects are ongoing with financial institutions from both Asia and the West. Financing agreements can be expected in the foreseeable future, he added.

Lopez: The transition requires reliable transmission

World Bank Country Director Humberto Lopez stressed that Turkey’s clean energy ambitions depend on strong transmission infrastructure.

“Turkey has one of the most ambitious renewable energy plans, and this transition requires reliable transmission,” he said, as quoted by Anadolu Agency.

Lopez explained that it is very difficult for a new company to install solar or wind power facilities without a transmission grid connection secured. The USD 750 million investment aims to address the need and it is central to the government’s energy transition plan, he underlined.

The Transforming Power Transmission System Project marks the first phase of a USD 1.5 billion financing package aimed at expanding grid capacity, enhancing digital management, and accelerating the integration of renewable energy.

It will include feasibility studies for Turkey’s first high-voltage direct current (HVDC) transmission line, according to the article.

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August 28, 2017

by AEA in News

Turkey’s Guris Holding to build windfarms in Kosovo and Ukraine

The Turkish company Guris Holding has announced the construction of new wind power plants in Kosovo and the Ukraine, the Turkish press reported. The reports said that the company plans to build the plant in Ukraine outside the city of Odessa but do not specify the exact location of the site of the power plant in Kosovo.

Güriş Holding has plans for a wind farm with a total power of 32 MW in Kosovo and a wind power plant of 80 MW in the Ukraine. Turkish daily Dunya reported that construction work on both wind power plants has been started, specifying that work on the 30 MW segments of both facilities was underway.

Müşfik Yamantürk, the general manager of Güriş Holding, which is considered to be one of Turkey’s leading renewable energy-based power producers, said that the company had been issued a license for the windfarm outside the city of Odessa which will be built using GE wind generator turbines. The 50 MW segment of that plant, which is the company’s first investment in the Ukraine, is due to be started at the beginning of next year.

He said GE turbines will also be used for the wind power plant in Kosovo, adding that the guaranteed price of power from that windfarm is 8.5 cents per kilowatt-hour.

Yamantürk said that both the 30 MW power plant in Ukraine and the 32 MW plant in Kosovo will be commissioned in August or September of 2018.

Kosovo energy production insufficient

Kosovo has faced serious power supply problems in the past few years with frequent power outages which is a problem in attracting foreign investments. Kosovo’s government has made improvements to the energy sector a priority and has requested assistance from a number of international aid and financial organizations.

Kosovo relies heavily on its two coal powered plants with a capacity of 900 MW which account for 97 percent of the power produced domestically and on imports of electricity while power from renewable energy sources account for just 3 percent of production at home.

The Kosovo state radio and TV service (RTK) has reported that business people have expressed great concern over the power shortage and that the Kosovo Power Corporation has warned of a possible energy crisis because its coal reserves have dropped to a level sufficient for two weeks of power production.

Kosovo has the fifth largest lignite coal reserves in the world but those reserves lie under private land which the government has not been able to purchase. The state power company KEK said it needs to take over 52 hectares of private land whose owners are unwilling to sell at the price offered by the government.

October 5, 2015

by AEA in News

Turkey to compensate for lack of Russian gas via TANAP

If Russia limits supplies of natural gas, Turkey is going to compensate for this by the gas delivered through the Trans-Anatolian (TANAP) pipeline, Minister of Energy and Natural Resources of Turkey Ali Rıza Alaboyun said Oct.5.

“I don’t think that Russia will limit the supply of natural gas in the winter months,” said the minister.

He went on to add that in 2019, Russia will limit supplies of natural gas through Ukrainian territory. “Every year we get 14 billion cubic meters of gas through this territory,” the minister said. “Therefore, in 2019 we may face a shortage of gas. Turkey also plans to compensate for the lack of natural gas through TANAP in 2019.”

TANAP project envisages transportation of gas of Azerbaijan’s Shah Deniz field from Georgian-Turkish border to the western borders of Turkey. The project’s total cost is estimated at $10 billion.

The initial capacity of TANAP pipeline is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of this gas will be delivered to Turkey and the remaining volume will be supplied to Europe.

Turkey will get gas in 2018 and after completing the construction of Trans-Adriatic Pipeline (TAP), it will be delivered to Europe in early 2020.

BP with 12 percent became one of the shareholders of the pipeline in accordance with the agreement signed with the TANAP consortium in April.

Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) – 58 percent, Botas – 30 percent and BP – 12 percent.

TAP envisages transportation of gas from the Azerbaijani gas condensate Shah Deniz II field to the EU countries.

The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

The pipeline construction is to be launched in 2016.

TAP’s initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.

The first gas as part of the Shah Deniz-2 project will be transported to Europe via TAP in early 2020.

TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).