Sector note · Renewable energy
Solar and wind to 2035
Turkey plans to triple its solar and wind capacity by 2035, from 39.9 GW to 120 GW; new capacity comes through state auctions, and operating plants change hands between owners.
Named deals
- 1Rönesans Enerji, 50% TotalEnergies · value not disclosed · 2023
- 2Gökçedağ wind farm Rönesans · USD 121.2m · 2025
- 01
Installed power capacity reached 122,519 MW at the end of 2025, 62.3% of it renewable; solar was 25,109 MW and wind 14,774 MW.
- 02
The government aims for 120,000 MW of solar and wind by 2035, about three times the end-2025 level.
- 03
The 2025 YEKA rounds awarded 1,150 MW of wind and 650 MW of solar; the 2026 round offers 2,400 MW in 21 competitions, with applications due on 13 October 2026.
Anadolu Agency, 9 December 2025
Energy Ministry, 6 January 2026
Anadolu Agency, 11 July 2026 - 04
Zorlu Enerji sold its 135 MW Gökçedağ wind farm to Rönesans Yenilenebilir Enerji for USD 121.2m, closing on 29 December 2025.
- 05
TotalEnergies agreed in July 2023 to buy 50% of Rönesans Enerji, with 166 MW of hydro and more than 700 MW of wind, solar and storage in development.
Orion view
We expect the build-out to draw more foreign capital than today’s trade in existing plants. Buyers price a plant on three documents: its licence, its grid connection and the terms it sells power under. A seller with those in order, and the production history to match, shortens diligence and holds the price.
Sources: as cited above, read October 2026; Orion Capital Partners analysis.
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