Turkish energy minister Alparslan Bayraktar said cooperating with China would help Turkey expand its renewable energy capacity. (EPA Images pic)ANTALYA: Turkey and China on Thursday signed a memorandum of understanding paving the way for about US$15 billion in Chinese investment in renewable energy projects in Turkey, the Turkish energy minister said.
The two countries' energy authorities signed the deal on the sidelines of the UN climate conference in the southern Turkish province of Antalya.
Under the agreement, which envisages roughly US$15 billion in investment, the two sides aim to develop 7,000 megawatts (MW) of solar and wind power capacity, new energy storage systems and 4,000 MW of electricity transmission capacity, energy minister Alparslan Bayraktar said on X.
