Giant partnership at COP31: $15 billion agreement between Türkiye and China

Türkiye and China signed a renewable energy cooperation memorandum of understanding worth approximately $15 billion on the sidelines of COP31, Energy and Natural Resources Minister Alparslan Bayraktar announced. The deal targets 7,000 megawatts of solar and wind power plants, energy storage systems, and 4,000 megawatts of electricity transmission infrastructure. The agreement marks one of Türkiye's largest single foreign investment commitments in clean energy and underscores China's expanding role in financing global renewable capacity. Details on project timelines, financing structures, and the split between public and private partners remain sparse, and observers will watch for binding contracts and construction schedules to follow the non-binding memorandum.