In order to achieve its goal of becoming one of the top three green energy companies in Turkey, Rönesans Enerji is continuing its investments at a rapid pace and has in parallel launched its Green Finance Framework, a pioneering initiative in the sector that meets the Capital Markets Board of Türkiye's criteria for green debt.

Rönesans Enerji, a joint venture between Rönesans Holding and TotalEnergies, has increased its investments. By using the Green Finance Framework, the company gained easier access to green financing instruments that support renewable energy. The company aims to realize approximately 7 to 10 percent of the green energy investments targeted in Turkey's National Energy Plan.

The preparation and publication of Rönesans Enerjis Green Finance Framework, which is also the first of its kind for Rönesans Holding companies, received support from ING Group, which acted as sustainability advisor. The framework is guided by the International Capital Market Association (ICMA) Green Bond Principles (GBP), the Loan Market Association (LMA) Green Loan Principles (GLP), the Loan Syndications and Trading Association (LSTA), the Asia Pacific Loan Market Association (APLMA) Green Bond Principles (GBP), the Capital Markets Board of Türkiye (CMB) Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates and Sustainable Lease Certificates Guidelines. This conformity ensures applicability in both domestic and international green finance instruments. The Rönesans Enerji Green Finance Framework is one of the first frameworks to incorporate the CMB Guidelines for Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates and Sustainable Lease Certificates and thus contribute to their recognition.

With its numerous compliance criteria, the Green Finance Framework is one of the most comprehensive frameworks in the field of energy production in Turkey. In addition to general renewable energy sources such as hydro, wind and solar energy, the framework also covers other renewable energy sources such as bioenergy and geothermal energy, as well as energy storage systems. Green hydrogen production and hydrogen storage technologies have been included in the scope of the Green Finance Framework to enable strategic preparation for the future. This makes the Green Finance Framework one of the first frameworks in Turkey to cover hydrogen technologies. All technologies and criteria of the Green Finance Framework have been evaluated by ISS Corporate Solutions as a Second Party Opinion (SPO) and positively assessed as being in compliance with the relevant standards.

EASIER ACCESS TO GREEN FINANCE

Rönesans Holding Chairman of the Board İpek Ilıcak Kayaalp stated that Rönesans Enerji has achieved a groundbreaking milestone in the Turkish energy sector with its Green Finance Framework. She highlighted that the Green Finance Framework is one of the first green finance frameworks and added: " We are committed to creating a better and more sustainable future. We continue on our path with determination and aim to be a role model in every sector we operate in ."

She also highlighted that one of Rönesans Holding's greatest strengths is its ability to enter into foreign partnerships and secure financing: " We actively cooperate with 40 different international banks worldwide to finance our investments on favorable terms. To date, we have invested more than 8 billion euros in Turkey, with more than 90 percent of these investments made in cooperation with these banks. The first point that international lenders check is the ESG report that Rönesans Enerji received last year. With the Green Finance Framework we have published, we will have easier access to green financing instruments that support renewable energy, thus making our contribution to Turkey's sustainable future. "

GOAL TO BECOME ONE OF THE TOP 3 GREEN ENERGY COMPANIES IN TURKEY

Emre Hatem, Board Member of Rönesans Holding and President of the Energy Group, stated that with the published Green Finance Framework, Rönesans Enerji is confidently on track to realize its goal of becoming one of the top three green energy companies in Turkey. Emre Hatem said, “Since its establishment, Rönesans Enerji has only invested in green energy and will continue to grow in the future with a 100 percent green energy portfolio. At Rönesans Enerji, we plan investments to bring 2000 MW of green energy capacity online by 2028. With the commissioning of our current projects under construction and development, we aim to reach an installed capacity of over 700 MW in the first phase by the end of 2026. In the next five years, we aim to achieve approximately 7-10 percent of the green energy investments envisaged in Turkey's National Energy Plan.

WE CONSIDER SUSTAINABILITY ONE OF OUR STRATEGIC PRIORITIES

Bas Bittink, Head of Debt Markets in Turkey and the Middle East at ING, said: “As we aim to help our clients build a sustainable future, it was an honour for the ING team to partner with Rönesans Enerji. The established Green Finance Framework and Second Party Opinion for green securities have created a new regional best practice and will help attract further financing for the Turkish renewable energy sector.

Ayşegül Akay, Executive Vice President of ING Turkey Corporate Banking, said: “ For us as the ING Group, sustainability is one of the most important strategic priorities and we have been active in this field for more than 30 years. ING announced at the end of last year that it aims to triple renewable energy financing to EUR 7.5 billion annually by 2025. We believe that a green transition requires collective efforts and actions and want to make a contribution in Turkey by leveraging our international expertise in sustainable finance and our strong global network. In this context, we are convinced that Rönesans Enerji's Green Financing Framework, for which ING helped prepare and publish as a sustainability advisor, can represent an important step in transforming the energy sector in Turkey and providing the necessary financial resources. We are pleased to be part of this valuable collaboration that will contribute to Rönesans Enerji's, a partnership between Rönesans Holding and TotalEnergies, investments in renewable energy and thus to Turkey's sustainability roadmap. "

The Green Finance Framework is a comprehensive set of rules designed to guide financial investments in projects that promote environmental sustainability. It defines the criteria and standards required for investments to be considered "green". It is in line with recognised guidelines such as the Green Bond Principles and the EU Taxonomy for Sustainable Economic Activities. It focuses on specific environmental objectives such as reducing greenhouse gas emissions, increasing resource efficiency and promoting sustainable development. In addition, it ensures transparency and accountability through strict reporting and disclosure requirements to ensure that investments meet the green criteria and provide measurable environmental benefits.

Information about the Rönesans Group

Rönesans Holding, the conglomerate's leading investment company headquartered in Ankara, is the 53rd largest international construction company worldwide. With offices in 30 countries in Europe, Central Asia and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been successfully operating as a prime contractor and investor in the construction, energy, healthcare, real estate development and industrial investment sectors for 30 years. Rönesans focuses on stability and growth through innovation with a focus on sustainability and social development. The company has developed projects to support students with scholarships, academic platforms and initiatives. In addition, Rönesans has been affiliated with the UN Global Compact since 2015 and has supported the UN Women's Empowerment Principles since 2016.

Under the leadership of its President Erman Ilıcak, Rönesans, together with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies and the World Bank Group’s IFC (the Group’s minority shareholder), has invested more than EUR 8 billion in landmark projects around the world.

Hydrogen Installed and Managed for Sunbelt Rentals, Balfour Beatty, Environment Agency