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Main Page arrow News arrow According to the Energy Deals 2023 Report published by PwC Türkiye, the purchase of 50% of Rönesans Enerji shares by TotalEnergies was one of the largest transactions of 2023!

According to the Energy Deals 2023 Report published by PwC Türkiye, the purchase of 50% of Rönesans Enerji shares by TotalEnergies was one of the largest transactions of 2023!

12 March 2024
Rönesans Enerji and Total Energies cooperation was published as one of the largest transactions of 2023 in PwC Turkey's Mergers and Acquisitions in the Turkish Energy Sector 2023 report.

The partnership agreement between TotalEnergies, one of the world's leading energy companies, and Rönesans Holding was signed on July 21, 2023. According to the agreement, 50% of the shares of Rönesans Enerji, a group company of Rönesans Holding, were purchased by TotalEnergies. 

In PwC Türkiye's annual 'Energy Deals 2023 Report,' analyzing mergers and acquisitions in the Turkish energy market, the purchase of 50% of Rönesans Enerji shares by TotalEnergies was published as one of the most considerable transactions of 2023. 

Under the leadership of Rönesans Holding President Erman Ilıcak, Rönesans continues to increase its investments in renewable energy in Türkiye significantly.

pwcronesansholding.webp (1.18 MB)

Continuing to grow with a 100% energy portfolio, Rönesans Enerji aims to:

  • Become one of the top three green energy companies in Türkiye,
  • Invest approximately 2 billion Euros in renewable energy and achieve a total installed capacity of 2,000 MW within the next 5 years in Türkiye,
  • Accomplish approximately 7% of the green energy investments projected by the Turkish National Energy Plan by 2028,
  • Prevent the import of approximately 1 billion cubic meters of natural gas and 3.5 million tons of greenhouse gas emissions annually due to these investments.
At the Rönesans Enerji Partnership Agreement Signing Ceremony between Rönesans Holding and TotalEnergies in 2023, Rönesans Holding President Erman Ilıcak highlighting Rönesans Enerji's goal to invest in 2,000 MW of installed capacity over the next 5 years, stated: "TotalEnergies choosing Türkiye as one of its main countries for growth in renewable energy and selecting Rönesans as a partner is valuable not only for us but also for the industry and our country. We are also delighted that this important collaboration represents one of the most extensive partnerships in terms of scope ever formed within the renewable energy sector in Türkiye."

You can access the full report by clicking the link below:

Energy Deals 2023 (pwc.com.tr)

About Rönesans Group

Rönesans Holding, the conglomerate's top investment entity headquartered in Ankara, is the 38th largest international contracting company globally and the 9th largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, real estate development, healthcare and energy. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.

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