Rönesans Enerji Initiates Revolutionary Green Finance Framework

Rönesans Enerji Launches a Pioneering Green Finance Framework

The new Green Finance Framework represents a novel approach for Rönesans Holding, focusing on directing financial resources toward environmentally sustainable projects. Collaborating with ING as a sustainability advisor, this framework aims to bolster green investments.

A Step Towards Green Financing

Rönesans Enerji has significantly accelerated its investment initiatives as part of its commitment to becoming one of Türkiye's foremost green energy companies. The newly established Green Finance Framework aligns with the criteria set forth by the Capital Markets Board of Türkiye for green debt instruments. This move marks an important milestone in the sector, allowing Rönesans Enerji to utilize green financing instruments more effectively to support renewable energy sources.

Guidelines and Compliance

The framework was developed with assistance from ING, adhering to international standards such as the Green Bond Principles established by the International Capital Market Association (ICMA) and relevant local guidelines from the Capital Markets Board of Türkiye. It ensures that projects are compliant with national and international funding opportunities, making it one of the most comprehensive frameworks available in Türkiye's energy production industry.

Embracing Renewable Energy Sources

Rönesans Enerji's Green Finance Framework goes beyond traditional renewable energy projects. It encompasses a variety of energy production methods, including hydroelectric, wind, solar, and emerging technologies like bioenergy and geothermal energy. Furthermore, the initiative integrates green hydrogen production and associated storage technologies into its scope—an ambitious step towards sustainable energy solutions for the future.

Commitment to a Sustainable Future

Chair of the Board of Directors, ?pek Il?cak Kayaalp, expressed pride in Rönesans Enerji's pioneering achievements in Türkiye’s energy sector through this framework. She committed to fostering a more sustainable environment, emphasizing the importance of leadership in this transformative journey. The framework validates Rönesans Holding’s capabilities in arranging foreign partnerships and financing, which is crucial for large-scale investments.

Aiming High: The Vision for Growth

Rönesans Enerji is dedicated to establishing its presence among Türkiye's top three green energy companies. Emre Hatem, Board Member and Energy Group President, highlighted the strategic plan to introduce 2,000 MW of green energy capacity by 2028. Their immediate goal is to develop 700 MW of this capacity by the end of 2026, following projects that are currently underway.

Collaborating for Energy Transformation

ING’s regional representatives reiterated the importance of partnerships in achieving sustainable development goals. They highlighted that the Green Finance Framework presents best practices in the region and is a catalyst for further investments in Türkiye’s renewable energy sector. With these collaborative efforts, ING is committed to enhancing its financing for renewable energy projects to €7.5 billion annually by 2025.

About Rönesans Group

Rönesans Holding is a large conglomerate based in Ankara, renowned globally for its vast contracting prowess across 30 countries. The company has been a significant player in diverse sectors including construction, energy, and healthcare for over three decades. Rönesans places sustainability and social responsibility at the forefront of its business strategy while continuing to foster innovation and growth through partnerships.

Frequently Asked Questions

What is Rönesans Enerji's Green Finance Framework?

The Green Finance Framework is a set of guidelines developed to channel investments into environmentally sustainable projects, aligning with various national and international standards.

How does Rönesans Enerji plan to achieve its renewable energy goals?

Rönesans Enerji plans to increase its renewable energy capacity to 2,000 MW by 2028, along with immediate targets to achieve over 700 MW by 2026.

What types of energy sources are included in the Green Finance Framework?

The framework covers a broad range of renewable energy sources, including solar, wind, hydroelectric, bioenergy, and geothermal, along with future-focused technologies like green hydrogen.

Who supports Rönesans Enerji in implementing its Green Finance initiatives?

ING acts as a sustainability advisor, supporting Rönesans Enerji in aligning its framework with international best practices and securing necessary financing for its projects.

Why is the Green Finance Framework important for Türkiye?

This framework aids in transforming Türkiye's energy sector by attracting greater investment into renewable sources, thus supporting the country's sustainability roadmap.

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