TSKB and Rönesans Enerji Sign a New Loan Deal Worth EUR 54.4 Million

TSKB and Rönesans REH Enerji Hizmetleri A.Ş., a subsidiary of Rönesans Enerji A.Ş., signed a loan deal totaling EUR 54.4 million to support renewable energy investments. The funds will be allocated for the 35 MW unlicensed WPP project in Izmir and the 15.6 MW unlicensed ground-mounted SPP project in Kırşehir, with both projects being developed for self-consumption by the relevant group company. The investment loan will be worth EUR 42.5 million on a term of 8.5 years for the WPP project and EUR 11.9 million on a term of 8 years for the SPP project. "Thanks to this latest collaboration with Rönesans Enerji, we are happy to contribute to increasing the environmentally friendly production capacity of our country and strengthening sustainability awareness in the energy sector,” said TSKB CEO Ozan Uyar. “In the future, we will continue to improve our support for multidimensional development through our investments in this field." Commenting on the deal, Rönesans Holding Energy Group President Emre Hatem said, "We are implementing Türkiye's largest unlicensed WPP project thanks to our ability to access funding at favorable conditions. We aim to secure an installed capacity of 2,000 MW in renewable energy by 2028."

TSKB (Industrial Development Bank of Türkiye) and Rönesans REH Enerji Hizmetleri A.Ş., a subsidiary of Rönesans Enerji A.Ş., signed a new financing agreement totaling EUR 54.4 million to support renewable energy investments. The financing agreement will support renewable energy projects developed by Rönesans REH Enerji Hizmetleri A.Ş. for self-consumption by this Rönesans Holding group company. The deal covers two key projects to be developed in İzmir and Kırşehir under the company’s WPP and SPP plant operating rights.

An 8.5-year investment loan of EUR 42.5 million is allocated for the 35 MW unlicensed wind power plant (WPP) in Izmir, in addition to an 8-year, EUR 11.9 million investment loan for the 15.6 MW unlicensed ground-mounted solar power plant (SPP) in Kırşehir. The financing agreement serves as a key milestone in line with Rönesans Enerji Group's goal of increasing low-carbon energy production. Once the projects are completed and commissioned, the energy generated from renewable sources will not only meet the energy needs of Rönesans Holding companies, but will also make a significant contribution to environmental sustainability.

Commenting on the agreement, TSKB CEO Ozan Uyar said, “Throughout TSKB's 75-year journey, we have been resolutely supporting ecosystem-friendly investments in line with our country's multidimensional development and green transformation goals. We are proud to have a significant share in Türkiye's energy transformation through the major projects we have financed so far. Thanks to this latest collaboration with Rönesans Enerji, we are happy to contribute to increasing the environmentally friendly production capacity of our country and strengthening sustainability awareness in the energy sector. In the future, we will continue to improve our support for multidimensional development through our investments in this field."

THIS IS YET ANOTHER MAJOR STEP IN RENEWABLE ENERGY

Rönesans Holding Energy Group President Emre Hatem said Rönesans Enerji secured yet another key financing thanks to their ability to access funding at favorable conditions. "This investment for self-consumption will enable our group companies to meet part of their electricity needs in a green and carbon-neutral manner by 2026. This investment is key because it is Türkiye's largest unlicensed WPP investment. Using this model called Renewable Energy Investment and Supply Agreement (YEYTA), we build and operate the energy plants that consumers need, covering the entire investment cost. Consumers not only procure green electricity for their own needs without any burden on their part but also reduce their cost of electricity."

Emre Hatem added that as one of the fastest growing companies in Türkiye's energy sector, they rapidly continued their renewable energy investments in line with their target of securing an installed capacity of 2,000 MW by 2028.