turkiye and saudi arabia's $2b solar dealnews & events•5w ago

turkiye and saudi arabia signed a $2 billion solar energy agreement at a ceremony in istanbul, held in an ottoman-era palace overlooking the bosphorus. the deal gives saudi energy giant acwa power the green light to build two utility-scale solar plants in turkiye. projected capacity: enough to power 2+ million households. translation: turkiye secures foreign capital and renewable capacity; saudi arabia deepens regional energy footprint beyond oil. optics are as important as megawatts.