TotalEnergies to enter Turkish market

TotalEnergies has signed an agreement with Rönesans Holding to acquire a 50% stake in Rönesans Enerji and jointly develop, through this joint-venture, renewable projects in Türkiye.

Rönesans Enerji is currently operating a portfolio of 166 MW hydro assets. The company has as well secured a pipeline of more than 700 MW of wind, photovoltaic, and battery storage assets.

Rönesans Enerji’s ambition is to produce 2 GW of renewable energy by 2028.

The transaction is subject to regulatory and administrative approvals.

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity.

Rönesans Holding, headquartered in Ankara, is the 24th largest international contracting company globally and the 8th in Europe with international operation 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 operating as the main contractor and investor successfully for 30 years across construction, real estate development, energy, healthcare and industrial facilities.