9,312.13 TRY BIST 100 BIST 100
38.20 USD USD USD
5.25 CNY CNY CNY
43.91 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
100.29 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

Energy cooperation between Renaissance Holding and Total Energies

Rönesans Holding cooperated with French energy company Total Energies for new investments in the renewable energy sector.

Energy cooperation between Renaissance Holding and Total Energies

Real estate and trade group Rönesans Holding and French energy company Total Energies signed a 50-50 cooperation on green energy.

Erman Ilıcak, Chairman of Rönesans Holding, stated that they have started a new investment and reform move in line with the country's goals of combating climate change as well as reliable, affordable energy supply in the coming period. "In this direction, the main areas that will stand out will be renewable energy, energy efficiency, nuclear energy, natural gas as a transition fuel, hydrogen and digitalization in energy," Ilıcak said.

Ilıcak emphasized that renewable energy is an area that contributes to energy supply security against increasing demand, makes prices more competitive and reduces foreign dependency.

Renaissance Energy, which will continue its activities under the partnership roof of Rönesans Holding and TotalEnergies, has an installed capacity of 166 megawatts with its 6 hydroelectric power plant (HEPP) projects.

The company aims to become one of Turkey's top 3 green energy companies by continuing to grow with its 100 percent renewable energy portfolio in the new period.

Erman Ilıcak, who did not disclose any figures regarding the partnership, said that they gave up the public offering of Rönesans Energy.

Investments in Turkey will exceed 10 million euros in 2028

Pointing out that 2023 is an extremely meaningful year for them, Ilıcak said, "As Rönesans Holding, we derive our savings and capital mostly from our projects abroad. Together with our international partners, we have transformed this accumulation and capital into investments that provide employment for our country and our people. As of today, this investment amount is more than 7 billion Euros. With our investments in different business lines, we expect the total investment amount we realize in our country to exceed EUR 10 billion by 2028."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's consumer confidence index decreased again in April

Tuesday, April 22, 2025

House sales in Türkiye on the rise in March

Wednesday, April 16, 2025

Surprise interest rate hike by the Central Bank

Thursday, April 17, 2025

India seeks to fast-track trade deal with US

Friday, April 11, 2025

Türkiye-US working group formed for trade relations

Friday, April 11, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now