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Total signs deal to expand Turkey’s green energy output

Turkey energy Ronesans Holding
Ronesans Holding president Erman Ilıcak and TotalEnergies Gas, Renewables & Power President Stephane Michel signing the pact

France’s TotalEnergies and Turkey’s Ronesans Holding have entered into a partnership to expand renewable power generation capacity in Turkey.

TotalEnergies will take a 50 percent stake in Ronesans Enerji and jointly develop 1,000 megawatt (MW) of wind and solar farms over the next three years, the Daily Sabah newspaper reported, citing Ronesans Holding president Erman Ilıcak.

The value of the stake buyout was not disclosed.

Ronesans Enerji presently operates six hydroelectric plants with a total installed capacity of 166 MW. The company has been awarded licenses to build wind farms.

The Turkish company aims to be one of the sector’s top three green energy companies, spearheading the nation’s green transformation.

“Through this partnership, we will closely monitor new technologies and vertical integration investment opportunities related to green energy transformation,” Ilıcak stated.

Turkey’s energy and natural resources minister Alparslan Bayraktar said the country intends to increase its renewable energy target from 1,000 MW to 5,000 MW in the shortest possible time.

The minister noted that 55 percent of the country’s installed capacity today comprises renewable energy sources.

The objective of the Turkiye National Energy Plan, announced last February, is to expand the share of renewable energy within the installed capacity to 65 percent by 2035, Bayraktar added.