TotalEnergies Forms Partnership with Rönesans Holding for Renewable Energy Generation in Türkiye

Rönesans Enerji proudly holds a comprehensive investment portfolio of 700 MW, encompassing projects in wind and solar energy, battery systems, and a hydroelectric power portfolio featuring a total installed capacity of 166 MW.  
 
Rönesans Enerji is poised to leverage TotalEnergies' expertise in onshore wind and solar development, along with its proficiency in electricity trading. With Rönesans Holding's extensive knowledge of the Turkish electricity market, this strategic collaboration aims to accomplish the ambitious target of generating 2 GW of renewable energy by 2028. 
 
The generated electricity will be directly sold to the electricity market or through Power Purchase Agreements (PPAs) with buyers. Given the favorable renewable energy potential in Türkiye, these projects are highly cost-competitive; this aligns with Rönesans Enerji's strategy of functioning as an integrated player in the electricity markets, taking advantage of price fluctuations. Additionally, these projects are anticipated to contribute significantly to the Integrated Energy Business Unit's double-digit profitability targets. 
 
Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, expressed his satisfaction with the partnership: "We are thrilled to join forces with Rönesans, which has a broad portfolio of assets across hydropower, wind, and solar energy. Given the size of the Turkish market and the quality of renewable energy sites in the country, we believe that this new partnership represents the right step towards reaching our goal of profitably developing our Integrated Energy operations. I am also pleased that this partnership will help revitalize Türkiye's renewable energy sector." 
 
Erman Ilıcak, President of Rönesans Holding, shared his perspective on the matter: "We find renewable energy investments both in Türkiye and around the world extremely valuable. In order to play an active role in Türkiye's green energy transformation, it is crucial for us to collaborate with a reputable and influential global player. We are delighted to invest in green projects together with TotalEnergies. We are proud to add a new partner to our global shareholders and to invest in our country." 
 
The transaction is subject to regulatory and administrative approvals. 
 
About Rönesans Holding 

Rönesans Holding, headquartered in Ankara, is the 24th largest international contracting company globally and the 8th largest in Europe, with international operations in 30 countries across Europe, Central Asia, the Middle East, and Africa - including Ballast Nedam in the Netherlands and Heitkamp in Germany. Rönesans has been successfully operating as a main contractor and investor for 30 years in the construction, real estate development, energy, healthcare, and industrial sectors. By placing resilience and growth through innovation at the core of our company strategy, with a priority on sustainability and social development, Rönesans has developed beneficial projects supporting students with scholarships, academic platforms, and initiatives; in addition, Rönesans has been a signatory of the UN Global Compact since 2015, and the UN Women's Empowerment Principles since 2016. Along with its partners IFC, GIC, Meridiam Infrastructure, Sojitz, Samsung, Rönesans has invested more than EUR 7 billion into pioneering projects in Türkiye. 
 
* World's Top 250 International Contractors 2022 List by Engineering News-Record