Rönesans' target is to become a top 3 green energy company in Türkiye 

Operating in 30 countries, including Türkiye, Rönesans Holding garners approximately 70% of its turnover from international ventures. The company holds the 24th position globally, as well as the 8th in Europe, and it stands as the leading Turkish contractor in the 'World's Top 250 International Contractors' list published by Engineering News-Record (ENR). 
 
ON THE FIELD IN 30 COUNTRIES IN ITS 30TH YEAR
 
İpek Ilıcak Kayaalp, Chair of the Board of Rönesans Holding, marking its 30th anniversary this year, highlighted the company's global presence, employing over 30,000 personnel from 64 nationalities. She stated: "Operating in 30 countries across Europe, Central Asia, the Middle East, Africa, Türkiye, and the Netherlands, we serve as the main contractor and investor in five key business sectors: construction, real estate, public-private partnership, energy, and petrochemicals.” 
 
During the recent discussion with İpek Ilıcak Kayaalp, Emre Hatem, Vice Chair of the Board of Rönesans Enerji, and Emre Baki, a Board Member of Rönesans Holding, the primary focus was on the partnership between TotalEnergies and Rönesans Enerji, as well as the EUR 781 million loan agreement from UKEF for the Mersin-Adana-Gaziantep (MAG) High-Speed Railway project. İpek Ilıcak Kayaalp disclosed that the loan amount, coordinated by Rönesans for this project and submitted to the Treasury, totals EUR 923 billion. Rönesans Holding will utilize the loan support to finalize the construction of the high-speed electrified railway connecting Mersin to the cities of Adana, Osmaniye, and Gaziantep (MAG). 
 
ITS STRONGEST CAPABILITY IS ITS PROFICIENCY IN SECURING FINANCING 

"One of Rönesans' strongest capabilities is its proficiency in securing financing," emphasized İpek Ilıcak Kayaalp. She went on to say: "Global collaborations hold paramount importance for us. The key is to establish the right partnerships. We cultivate enduring, trust-based relationships with our business associates. Notable partners include France-based Meridiam, Japan's Sojitz, and South Korea's Samsung C&T. We collaborate with financiers like EBRD and stakeholders like IFC and GIC, leveraging our global expertise to benefit our country.” 
 
WE REALIZED EUR 7 BILLION EUROS WORTH OF PROJECTS 

"The TotalEnergies partnership, signed last week, and the recent loan and insurance agreement for the MAG High-Speed Railway are the latest manifestations of this capability. We are collaborating with lenders and guarantors such as UKEF, SACE, JP Morgan, ING, and BNP Paribas for the MAG project. To date, we have successfully implemented investment projects in Türkiye, totaling approximately EUR 7 billion, with both local and international partners. Moreover, we have attracted a total of EUR 2 billion in foreign direct investment to our country.” 
 
WE HAVE A 100% GREEN ENERGY PORTFOLIO 

İpek Ilıcak Kayaalp provided insights into the collaboration between Rönesans Holding and TotalEnergies, stating: "At Rönesans Enerji, we maintain a 100% green energy portfolio and will continue to do so. We aspire to contribute to Türkiye's green energy transformation. Currently, our ESG rating stands at B. Additionally, we have achieved the 'prime label' designation reserved for companies surpassing the sector average rating. Our objective is to enhance our rating further.” 
 
55% REDUCTION IN EMISSIONS BY 2030! 

Highlighting the significance of green energy investments for sustainability objectives, İpek Ilıcak Kayaalp stated: "We wholeheartedly embrace sustainability for a better future. Our efforts are dedicated to achieving net zero emissions by 2040. In line with this commitment, we have set an interim target for 2030, pledging to reduce our emissions by 55% compared to 2022. Our subsidiary, Ballast Nedam, in the Netherlands, is actively working towards achieving CO2-neutral construction sites by 2030.” 
 
HATEM: TÜRKİYE REQUIRES A USD 15 BILLION ANNUAL INVESTMENT OVER THE NEXT 30 YEARS TO ACHIEVE ITS NET ZERO EMISSION TARGET 

Emre Hatem provided his insights into the energy sector, indicating that Türkiye requires an annual investment of USD 15 billion over the next 30 years to attain its net zero emission goal by 2053. Currently, Türkiye allocates USD 5 billion annually to the energy sector. Hatem stated, "In collaboration with TotalEnergies, we aim to realize approximately 7% of the green energy investments outlined in Türkiye's National Energy Plan by 2028. Through these investments, we anticipate preventing the import of around 1 billion cubic meters of natural gas annually, saving 3.5 million tons of greenhouse gas emissions. Our upcoming investments will primarily focus on wind and solar energy, with additional emphasis on investing in storage technologies.” 
 
TOTALENERGIES ACQUIRES 50% OF RÖNESANS ENERJİ 

Highlighting Rönesans Enerji's exclusive focus on green energy growth, Emre Hatem stated: "Our continuing strategy is to enhance our 100% green energy portfolio through robust business partnerships. In that spirit, we sealed a substantial collaboration that will undoubtedly contribute to Türkiye. TotalEnergies has acquired a 50% stake in Rönesans Enerji, a subsidiary of Rönesans Holding. Due to this new partnership, we have temporarily halted the IPO process for Rönesans Enerji. This matter may be reconsidered in the future in consultation with our partner, TotalEnergies. In collaboration with Rönesans Holding and TotalEnergies, Rönesans Enerji aims to invest a total of 2,000 MW of installed capacity within 5 years. This partnership represents a robust stride toward achieving our ambition of being ranked among the top 3 green energy companies in Türkiye. Currently holding a renewable energy portfolio with 166 MW installed capacity, Rönesans Enerji possesses a project pipeline of around 743 MW, entirely comprised of wind and solar energy. We anticipate initiating investments in 182 MW of this capacity within the next few months to complete the commissioning by the end of 2024.” 
 
WE LEVERAGE OUR GLOBAL EXPERTISE FOR TÜRKİYE 

In outlining the future aspirations of Rönesans Holding, İpek Ilıcak Kayaalp expressed the following: "In our expansion strategies, we don't confine ourselves to a single country or region. Achieving 'firsts' and 'bests' in various parts of the world consistently excites us. However, Europe will be the primary region for our growth in the upcoming period. Mobilizing our global expertise for the benefit of our country is a source of immense pride. Rönesans has left its mark on numerous exceptional projects, including the Gotthard Base, the world's longest and deepest railway tunnel; Lakhta Center, Europe's tallest building; the world's largest gas-to-gasoline GTG plant; and Başakşehir Çam Sakura Hospital, the world's largest seismically isolated building.  
 
In addition to the aforementioned construction achievements, we have directed our focus toward the energy, petrochemical, and infrastructure sectors to consider Türkiye's needs and potential in these domains. In Adana, we are undertaking the construction of a polypropylene production facility with an investment of approximately USD 1.8 billion, developed in partnership with Sonatrach, the national state-owned oil company of Algeria. Furthermore, we are developing a container port project in Adana with an investment of around USD 1 billion.” 

Source : Habertürk