Renewable Energy Pacts
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China and Turkey signed a wind memorandum for China to invest about $15 billion in solar and wind power plants in Turkey with a combined capacity of 7,000 megawatts, Turkish energy minister Alparslan Bayraktar said. The countries' national energy administrations signed the memorandum of understanding on renewable energy cooperation on the sidelines of the COP31 climate summit in Antalya.
The agreement covers plans to develop new energy storage systems and 4,000 megawatts of electricity transmission infrastructure. The memorandum is preliminary, and the two sides did not disclose a timeline, project sites, the companies involved or the cost of the storage and transmission work.
If the memorandum becomes binding project agreements, it could open a clearer route for Chinese developers into Turkey’s planned solar and wind build-out.
