Türkiye has announced several investment agreements at the COP31 summit, which is being held in the country.

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Gas Turbine Forum (GTF) 2027

Türkiye’s Ministry of Energy has announced a preliminary agreement with China, under which China will invest $15 billion in power projects in Türkiye, with the aim of developing 7000 MW of solar and wind capacity, new energy storage systems, and 4000 MW of new transmission infrastructure.

In addition, the Ministry of Energy announced that several international financial institutions have signed a letter of support for ACWA Power’s Sivas and Taseli solar projects, which have a combined capacity of 2 GW. This agreement covers the first phase of a 5 GW renewable energy package previously agreed upon by Türkiye and Saudi Arabia.