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Saudi Arabia–based power generation developer ACWA Power is moving forward with its 2-gigawatt renewable energy projects in Türkiye, with early assessments set to wrap up in May and final decisions expected by June, the Türkiye General Manager Selim Guven said.
Development work on the initial phase, covering solar projects in the central Anatolian province of Sivas and the Mediterranean region of Taseli, has been proceeding without disruption since the agreement was signed in February with the Turkish Energy and Natural Resources Ministry, Guven indicated.
He told state-run Anadolu Agency that environmental and social impact studies have already begun, consultants are in place, and field surveys are underway.
The February agreement between ACWA Power and the ministry covers a total of 5,000 megawatts of renewable capacity. The first 2,000 megawatts will be split evenly between Sivas and Taseli.
The Taseli project includes a power purchase price of €1.99 ($2.3) per kilowatt-hour, with a 25-year term and a 50% localization target.
The first phase is scheduled to come online in 2027, with full completion expected between 2028 and 2029.
The projects are designed to generate enough electricity to meet the needs of around 2.1 million households.
The company has started lining up suppliers and equipment procurement. Initial talks with vendors have taken place, and the selection process is ongoing.
Guven noted that everything is progressing in line with the original plan, with no major issues flagged so far.
Attention is also turning to the second phase of the investment, which will add another 3 gigawatts of capacity. Site identification efforts are being carried out jointly with Türkiye’s energy ministry.
Once locations are confirmed, the company plans to move quickly into technical studies and then prepare commercial proposals. The goal is to reach initial agreements under the 31st Conference of the Parties (COP31) framework, with signatures targeted as part of that process.
Battery storage is expected to play a role in this phase. Guven pointed out that storage systems can improve grid reliability, boost flexibility, and help optimize transmission networks while delaying the need for additional infrastructure investments.
Beyond the current 5 gigawatt agreement, ACWA Power is looking to expand its footprint in line with Türkiye’s 2035 renewable energy goals, he emphasized.
The company aims to contribute to a broader 80-gigawatt renewable capacity target, while also exploring investments in transmission lines, battery systems, and potentially green hydrogen projects.
Türkiye is among the leading countries in expanding renewable energy investment, with its installed electricity capacity reaching 125,078 megawatts as of the end of March.
Renewable sources accounted for 78,281 megawatts, making up 62.4% of the total, while solar capacity reached 26,478 megawatts, representing 21.2%, according to official figures.
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