TotalEnergies to acquire a 50% stake in Ronesans.

TotalEnergies, a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity, agreed to acquire a 50% stake in Ronesans, a project development and construction group. Financial terms were not disclosed. “We are delighted to join forces with Rönesans, which has developed a diversified portfolio of assets including wind, hydro and solar power. Given the outlook for the Turkish market and the quality of the renewable sites in the country, we are convinced that this new partnership will be a further step towards our goal of developing our Integrated Power activity profitably. I'm delighted that it will also help boost Turkey's renewable energy sector,” Stéphane Michel, TotalEnergies President Gas, Renewables & Power.