Türkiye, Saudi Arabia Boost Renewable Energy Cooperation with New 3,000 MW Deal
Türkiye and Saudi Arabia are expanding their renewable energy cooperation by signing an additional agreement for 3,000 megawatts of capacity. This new deal brings their total planned renewable energy output to 5,000 megawatts.
According to Energy and Natural Resources Minister Alparslan Bayraktar, this increased capacity will help Türkiye achieve its goal of becoming energy independent in the near future. The minister emphasized that the country's installed electricity capacity has quadrupled from 32,000 megawatts to 126,000 megawatts over the past quarter-century.
Türkiye's domestic natural gas production is set to double this year and reach four times its current level by 2028. This increase in supply will meet the needs of 17 million households with indigenous sources. The minister also highlighted the potential for unconventional oil exploration in Diyarbakir, which could yield reserves two to three times larger than those found at the Gabar field.
Bayraktar noted that the crisis in the Strait of Hormuz could accelerate projects to diversify supply routes through Turkish territory. He mentioned potential corridors for Iraqi oil via Ceyhan and Qatari gas through Saudi Arabia, Jordan, and Syria.