TotalEnergies is to acquire a 50% stake in Rönesans Enerji to develop renewable projects in Turkey, including the electricity market.

Rönesans Enerji currently operates 166 MW of assets. The company has also secured a pipeline of over 700 MW of wind, photovoltaic and battery storage assets.

Rönesans Enerji aims to produce 2 GW of renewable energy by 2028.

' Given the outlook for the Turkish market and the quality of renewable sites in the country, we are convinced that this new partnership will be a further step towards our goal of developing our Integrated Power business profitably', said Stéphane Michel, Managing Director Gas, Renewables & Power at TotalEnergies.

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