From Aramco to ACWA Power: How Saudi Arabia is redrawing its map of energy influence

Listen 0:00 / 0:00 − 1.0x + Default Ready In February 2026, an agreement to develop+ two solar plants in Turkiye illustrated Saudi Arabia’s expanding energy diplomacy. A country whose global economic presence has long rested on oil exports is now entering decades-long partnerships to generate electricity abroad. ACWA Power’s agreement with its Turkish counterparts envisages two gigawatts of solar capacity in Sivas and the Taşeli region of Karaman, as the first phase of a five-gigawatt framework. The projects remain under development, but the relationship extends from energy trade into infrastructure investment. For Riyadh, the strategic question is how to translate oil-sector leverage, investment capital and project delivery into durable relationships that can withstand market shifts and political tensions. Connecting … Continue reading From Aramco to ACWA Power: How Saudi Arabia is redrawing its map of energy influence