Erdogan offers Saudis €47.50/MWh solar price guarantee for 2-GW Turkish project

Turkey's government has provided a €47.50/MWh price guarantee, zero-cost land, tax exemptions, and offtake assurances to Saudi investors for a 2-GW solar project. This marks a significant state-backed incentive to attract foreign renewable investment, potentially reshaping Turkey's solar market and deepening Saudi-Turkish energy ties. The deal's terms are unusually generous, suggesting a strategic push to secure investment and meet renewable targets.