Türkiye and China have signed a preliminary agreement for China to invest USD 15 billion to build solar and wind power plants with a total capacity of 7,000 megawatts (MW) in Türkiye.

MoU Signed on COP31 Sidelines

Türkiye and China's national energy administrations signed the memorandum of understanding (MoU) on cooperation in renewable energy on the sidelines of the COP31 climate summit, held in the Turkish city of Antalya. Bayraktar confirmed the signing in a post on X.

"Through this agreement, which envisions a massive investment of approximately USD 15 billion in our country, we aim to implement solar and wind power plants with a total capacity of 7,000 megawatts, along with new energy storage systems and 4,000 megawatts of electricity transmission infrastructure," Bayraktar said.

Technology Transfer and Domestic Industry

The minister emphasized that the cooperation goes beyond capacity expansion and is expected to benefit Türkiye's domestic manufacturing base.

"This cooperation will not only increase our renewable energy capacity but also facilitate technology transfer, contributing significantly to the domestic production of wind turbine equipment and the development of our local industry," Bayraktar said.

Alignment with National Energy 2040 Vision

Bayraktar framed the agreement as part of Türkiye's broader energy strategy, referencing the country's "National Energy 2040" vision.

"In line with our 'National Energy 2040' vision, I hope that this historic agreement, which will strengthen our energy supply security and accelerate our green transition, proves beneficial for both our nations," he said.

The signing comes shortly after Türkiye unveiled a new energy vision last week that aims to increase the share of renewables in total installed capacity to 77% from the current level of some 63%. Under that vision, Ankara is targeting a combined wind and solar installed capacity of 175,000 MW by 2040.

The USD 15 billion MoU with China represents a significant step toward those goals, adding planned solar and wind capacity, energy storage systems, and transmission infrastructure to the country's renewables pipeline.

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