Market Fact

Main facts: TotalEnergies is set to acquire a 50% stake in Rönesans Enerji through a partnership agreement. This strategic alliance is targeted towards jointly developing renewable energy projects.

Key statistics:  TotalEnergies' investment confirms the potential of renewable energy in Türkiye:

  • Of the 104,672 MW of total installed power generation capacity as of May 2023, 53.4% is renewable : 30.2% hydro, 11% wind, 9.6% solar, 2% biomass and 1.6% geothermal.
  • With around 63 GW of renewable energy capacity planned for 2024, Türkiye is ranked 11th country in the world.

Original link to market fact to be provided: totalenergies.com/media/news/press-releases/turkey-totalenergies-partners-ronesans-holding-develop-renewable-energy

Source of Information / Date of Updates: LinkedIn post, 24th of July 2023