Sabancı invested 6 billion dollars in electrification

Sabancı Holding announced that it has invested over 6 billion dollars in the electrification ecosystem since 2022 within the scope of COP31 in Antalya. According to the company's announcement dated November 12, 2026, more than 64% of its investments were directed to this area during this period.

Sabancı Holding Chairman Hayri Çulhacı in front of the COP31 Türkiye Antalya sign. Image: Sabancı Holding

What did Çulhacı say at COP31?

Hayri Çulhacı, Sabancı Holding Chairman of the Board of Directors, spoke in two sessions on November 11, 2026. The first was the session titled "Towards a Sustainable, Resilient and Equitable Future" within the scope of the Leaders Summit. On the same day, the high-level dialogue "Clean Energy Transformation and Electrification 35by35: Powering the Future" was also held, hosted by the COP31 Presidency. This dialogue was moderated by Fatih Birol, President of the International Energy Agency (IEA). At the summit in Antalya, the climate file is discussed in a wide range; Hakkı Alkan also explained the zero-emission living model.

Çulhacı said, "Electrification is one of the most powerful levers that can simultaneously advance climate action, energy security and economic growth." he said. The holding is at the top as the Electrification Partner of COP31.

What three priorities stood out for electrification?

Çulhacı highlighted three points for the transformation to gain scale. The first is to make electrification cost-competitive through tax policy, efficient technologies and predictable electricity prices in the long term. Secondly, not to leave network investments behind demand; to get ahead of demand. Third, accessing capital easier and under more favorable conditions, with predictable income and clear sharing of risk. Energy transformation in Türkiye is also discussed with long-term investment targets in public plans.

What does the 35x35 commitment mean?

Sabancı Holding is among the signatories of the 35x35 Global Electrification Commitment. The company also co-chairs the Electrification and Energy Conversion Working Group within the COP31 Business Forum, created under the leadership of TOBB.