French oil and gas major TotalEnergies has signed an agreement with Turkey’s Ronesans group aimed at pursuing renewables projects through a joint venture company.

Ronesans Enerji, which will be 50% owned by TotalEnergies, currently operates a portfolio of 166MW hydro assets and has a pipeline of more than 700MW of wind, solar photovoltaic, and battery storage. The Ronesan group's energy unit is already pursuing an ambition of hosting 2GW of renewable energy by 2028.