Türkiye, China sign $15 billion renewable energy cooperation deal
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Güneşli
13 oC
Güneşli
Türkiye and China have signed a memorandum of understanding on renewable energy cooperation expected to pave the way for approximately $15 billion in investments, Energy and Natural Resources Minister Alparslan Bayraktar announced.
The agreement was signed between Türkiye's Ministry of Energy and Natural Resources and the National Energy Administration of the People's Republic of China on the sidelines of the 31st United Nations Climate Change Conference (COP31).
In a statement shared on social media, Bayraktar said the memorandum covers cooperation in renewable energy investments, including solar and wind power, as well as energy storage systems and electricity transmission infrastructure.
Under the agreement, the two countries aim to develop 7,000 megawatts of new solar and wind power capacity across Türkiye. The cooperation also includes the deployment of advanced energy storage systems and the construction of 4,000 megawatts of electricity transmission infrastructure to strengthen the country's power grid.
Technology transfer and local manufacturing
Bayraktar said the partnership extends beyond expanding renewable energy capacity and will also contribute to technology transfer and the development of Türkiye's domestic industry.
He noted that the agreement envisages the production of wind turbine equipment in Türkiye, helping strengthen local manufacturing capabilities, enhance industrial competitiveness, and create new employment opportunities in the renewable energy sector.
Supporting Türkiye's 2040 energy vision
The minister described the agreement as an important milestone in line with Türkiye's National Energy 2040 Vision, saying it will reinforce the country's energy supply security while accelerating its green transformation.
"May this historic agreement bring benefits to both our countries," Bayraktar said.
The memorandum reflects the growing energy cooperation between Türkiye and China as both countries seek to expand investment in clean energy technologies, modernize energy infrastructure, and support sustainable economic development. (ILKHA)
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