Türkiye and China have signed a memorandum of understanding (MoU) envisaging up to $15 billion of investment in renewable energy, storage and electricity transmission infrastructure in Türkiye.
The agreement was signed by the countries’ national energy administrations on the sidelines of the COP31 climate summit in Antalya, Türkiye. Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced the agreement.
The MoU sets out plans for a combined 7 GW of new solar and wind generation capacity, alongside new energy storage systems and 4 GW of electricity transmission capacity.
Bayraktar said on X that the cooperation would support technology transfer and domestic manufacturing, including production of wind turbine equipment in Türkiye. The government said the initiative is intended to strengthen energy security and support the country’s National Energy 2040 vision.
The proposed investment comes as Türkiye seeks to expand renewable generation while strengthening the grid and adding storage to manage higher levels of variable wind and solar output.
Türkiye’s Renewable Energy 2035 strategy targets 120 GW of installed wind and solar capacity by 2035, according to GlobalData. The country is also seeking to reduce its dependence on imported fossil fuels and expand domestic clean energy manufacturing.
The China agreement follows the launch at COP31 of the Türkiye Renewable Energy Acceleration and Clean Transition (REACT) platform, established with the Ministry of Energy and Natural Resources. The European Bank for Reconstruction and Development has said it plans to invest $6 billion in projects under the platform over the next five years.
REACT aims to mobilise up to $300 billion of investment in Türkiye’s renewable energy sector by 2040, although that figure represents a broader investment mobilisation target rather than committed funding.
