Turkey and China ink $15bn renewable energy partnership deal

Turkey and China have formalized their renewable energy cooperation through a memorandum of understanding that paves the way for substantial investment in clean power infrastructure across the country.

The agreement aligns with Turkey's long-term energy strategy, which targets renewables to constitute 77% of the nation's installed power capacity by 2040. This represents a significant shift toward cleaner energy sources as Turkey seeks to reduce its dependence on fossil fuels and meet international climate commitments.

The $15 billion partnership signals China's continued commitment to infrastructure and energy investments in Turkey, strengthening bilateral economic ties. Turkish energy officials view the collaboration as critical to achieving the country's decarbonization targets while maintaining energy security and supporting economic growth.

Turkey has previously emphasized renewable energy development as a cornerstone of its energy policy, with the country boasting substantial potential for wind, solar, and hydroelectric power generation. The Chinese investment is expected to accelerate project development and technology deployment across multiple renewable energy sectors.