Fintech PR

Rönesans Enerji Publishes Green Finance Framework

Published

2 days ago

September 18, 2024

ronesans-enerji-publishes-green-finance-framework

The Framework is a first of its kind for Rönesans Holding, designed to direct financial investments towards projects that promote environmental sustainability. ING acted as a sustainability advisor in the preparation and publication of the Green Finance Framework.

ISTANBUL, Sept. 18, 2024 /PRNewswire/ — To realise the goal of becoming one of Türkiye’s top 3 green energy companies, Rönesans Enerji has rapidly accelerated its investments alongside publishing its Green Finance Framework, a pioneering initiative in the sector that complies with the Capital Markets Board of Türkiye’s criteria for green debt instruments.

Rönesans Enerji, a joint venture between Rönesans Holding and TotalEnergies, has boosted its investments by leveraging the Green Finance Framework to gain easier access to green financing instruments that support renewable energy. The company aims to achieve approximately 7 to 10 percent of the green energy investments targeted in Türkiye’s National Energy Plan.

The creation and publication of Rönesans Enerji’s Green Finance Framework, which is also the first of its kind for Rönesans Holding companies, received support from ING, which acted as a sustainability advisor. The framework is aligned with the Green Bond Principles of the International Capital Market Association (ICMA), the Green Loan Principles of the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), the Asia Pacific Loan Market Association (APLMA); as well as the Capital Markets Board of Türkiye’s (CMB) guidelines for Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates, and Sustainable Lease Certificates. This compliance ensures its applicability in both national and international green financing instruments. The Rönesans Enerji Green Finance Framework is among the first frameworks to incorporate the CMB’s guidelines for Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates, and Sustainable Lease Certificates, thereby contributing to the recognition of the CMB Guidelines.

With its numerous compliance criteria, the Green Finance Framework stands as one of the most comprehensive frameworks in Türkiye’s energy production sector. In addition to covering general renewable energy sources such as hydroelectric, wind, and solar power, the framework also includes other renewable sources like bioenergy and geothermal, as well as energy storage systems within its scope. Green hydrogen production and hydrogen storage technologies have been included in the scope of the Green Finance Framework as a strategic preparation for the future. This makes the Green Finance Framework one of the first frameworks in Türkiye to cover hydrogen technologies. All technologies and criteria of the Green Finance Framework were evaluated by ISS Corporate Solutions, which provided a Second Party Opinion (SPO). The Green Finance Framework received a positive assessment, confirming its compliance with relevant standards.

EASIER ACCESS TO GREEN FINANCE

The Board of Directors of Rönesans Holding, İpek Ilıcak Kayaalp stated that Rönesans Enerji has achieved a pioneering milestone in Türkiye’s energy sector with its Green Finance Framework. She highlighted that this framework is one of the first Green Finance Framework among the sector, adding: “We are committed to building a better, more sustainable future. We continue our journey with determination, aiming to set an example in every sector in which we operate.”

She also noted that one of Rönesans Holding’s greatest strengths is its ability to create foreign partnerships and secure foreign financing: “We are actively working with 40 different international banks worldwide to finance our investments under favourable conditions. To date, we have invested over EUR 8 billion in Türkiye, with more than 90% of this investment realised in collaboration with these banks. The first item foreign creditors review is the ESG report, where Rönesans Enerji secured this report last year. With the Green Finance Framework we have published, we will gain easier access to green finance instruments that support renewable energy, furthering our contribution to Türkiye’s sustainable future.”

GOAL TO BECOME ONE OF TÜRKİYE’S TOP 3 GREEN ENERGY COMPANIES

Rönesans Holding Board Member and Energy Group President Emre Hatem stated that with the published Green Finance Framework, Rönesans Enerji is confidently moving towards realising its goal of becoming one of Türkiye’s top three green energy companies. Emre Hatem said: “Since its establishment, Rönesans Enerji has only invested in green energy and will continue to grow with a 100% green energy portfolio in the future. At Rönesans Enerji, we plan to invest in bringing 2000MW of green energy capacity online by 2028. By bringing our current projects under construction and development online, we aim to reach an installed capacity of over 700 MW by the end of 2026 in the first phase. Over the next five years, we aim to achieve approximately 7% to 10% of the green energy investments targeted in Türkiye’s National Energy Plan.”

WE POSITION SUSTAINABILITY AMONG OUR STRATEGIC PRIORITIES.

Bas Bittink, Head of Türkiye and Middle East Debt Capital Markets at ING said, ‘As we seek to help our clients build a sustainable future, the ING team was honored partnering up with Rönesans Enerji. The established Green Finance Framework and Second Party Opinion have set a new regional best practice and will support attracting further dedicated financing towards the Turkish renewable energy sector.’

ING Türkiye Wholesale Banking Executive Vice President Ayşegül Akay said, ‘As ING, we position sustainability among our key strategic priorities and have been active in this field for more than 30 years. ING announced end of last year it aims to triple the financing for renewable energy to EUR 7.5 billion annually by 2025. We believe that green transformation requires a collective effort and action, and we aim to contribute to Türkiye’s green transformation journey by leveraging our international expertise in sustainable finance and our strong global network. In this context, we believe that Rönesans Enerji’s Green Financing Framework, for which ING acted as a sustainability advisor during its preparation and publication, can create an important step towards the transformation of the energy sector in Türkiye and bringing the required financing for this transformation. We are pleased to take part in this valuable cooperation that will contribute to the renewable energy investments of Rönesans Enerji, a partnership of Rönesans Holding and TotalEnergies, and thus to Türkiye’s sustainability roadmap.’

The Green Finance Framework is a comprehensive set of guidelines designed to direct financial investments towards projects that promote environmental sustainability. This framework defines the necessary criteria and standards for investments to be considered as ‘green’. It aligns with recognised frameworks such as the Green Bond Principles and the EU Taxonomy for Sustainable Finance. This framework focuses on specific environmental goals, such as reducing greenhouse gas emissions, increasing resource efficiency, and advancing sustainable development. Furthermore, it ensures transparency and accountability through rigorous reporting and disclosure requirements, guaranteeing that investments meet green criteria and provide measurable environmental benefits.

About Rönesans Group

Rönesans Holding, the conglomerate’s top investment entity headquartered in Ankara, is the 53th largest international contracting company globally. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, energy, healthcare, real estate development and industrial investments. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.

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Fintech PR

EQT to acquire Indostar Home Finance, an Indian affordable housing finance company, for INR 17.5 billion (USD 210 million) and invest INR 5 billion to support further growth

Published

11 mins ago

September 19, 2024

CISION (PR Newswire)

STOCKHOLM, Sept. 19, 2024 /PRNewswire/ —

Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses
India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, rising affordability and urbanization
EQT will invest INR 5 billion in primary capital to support Indostar Home’s continued growth, including by broadening its footprint across India and investing in digital capabilities

EQT is pleased to announce that the BPEA Mid-Market Growth Partnership (or “the MMG fund”) has agreed to acquire a 100% stake in Indostar Home Finance (or “the Company”), a wholly owned subsidiary of Indostar Capital Finance Limited, for INR 17.5 billion (USD 210 million).

Founded in 2017, Indostar Home Finance provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 39,000 low income homeowners and small businesses. The Company has rapidly scaled to more than INR 24 billion in assets under management, achieving a 32 percent compounded annual growth in the last three years. Indostar Home Finance has a network of more than 130 branches spread across nine states and employs over 1,000 people.

The Indian housing finance market currently stands at more than INR 30 trillion, according to the CRISIL. The segment has recorded strong growth driven by government support, rising affordability, and urbanization. However, there remains a significant shortage of housing in the country, with India’s mortgage to GDP ratio at 12.3% compared to more than 60% for developed countries like the USA and UK.

The MMG fund will invest INR 5 billion of primary capital in Indostar Home Finance to support its next phase of growth. EQT aims to expand the Company’s geographic footprint and accelerate its digital transformation journey by leveraging EQT’s in-house digitalization expertise, network of seasoned industry advisors, and expertise in go-to-market strategies.

Ashish Agrawal, Partner in the EQT Private Capital Asia advisory team, said: “Retail lending is a key investment theme for EQT within financial services in India. Building on our investment in the education finance sector through HDFC Credila last year, we are thrilled to welcome Indostar Home Finance to our portfolio. India’s affordable housing finance sector represents a long-term growth opportunity supported by secular demand drivers, favorable government policies and resilient asset quality across economic cycles”

Hemant Sharma, Managing Director in the EQT Private Capital Asia advisory team, said: “Indostar Home Finance has established itself as a leading player in this segment and is well-positioned for continued growth. We are impressed by its market-leading position in South India and strong underwriting capabilities. We see significant potential to expand Indostar’s presence across India and drive its digital transformation. EQT looks forward to supporting the company in its next phase of growth.”

Mr. Shreejit Menon, CEO of Indostar Home Finance, said: “This transaction marks a key milestone for Indostar Home Finance. We are excited to embark on this new journey with EQT, who shares our vision and whose partnership will significantly help advance our mission of delivering affordable housing finance solutions across India. With EQT’s support and global expertise, we are well-positioned for accelerated growth and success.”

The transaction is subject to customary regulatory approvals.

Contact
EQT Press Office, [email protected]

This information was brought to you by Cision http://news.cision.com

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Fintech PR

WorldSkills Lyon 2024: Talented Winners, Long-lasting Legacy

Published

3 hours ago

September 19, 2024

CISION (PR Newswire)

worldskills-lyon-2024:-talented-winners,-long-lasting-legacy

LYON, France, Sept. 19, 2024 /PRNewswire/ — After an intense week of competition, the 47th WorldSkills Competition has officially wrapped up, marking the end of a thrilling journey for 1,400 young professionals from around the globe. For four days, participants representing nearly 70 countries and regions competed fiercely in 59 diverse skill areas, transforming Lyon’s Eurexpo into a vibrant hub of craftsmanship and international talent.

From day one, the atmosphere was charged with energy as competitors showcased their expertise in sectors ranging from Manufacturing and Engineering to Fashion, Digital Technology, and Healthcare. The level of dedication and precision demonstrated throughout the week was a testament to the profound commitment these young professionals have to their trades, as well as their determination to showcase their nation’s worth on the global stage.

Last night, the closing ceremony of WorldSkills Lyon 2024, held at Groupama Stadium, brought the event to an emotional close with the announcement of medalists in each skill category. Four medals were awarded in each skill: Gold Medal, Silver Medal, Bronze Medal, and the Medallion for Excellence. This ceremony underscored the core belief of the WorldSkills movement: excellence is found in diversity – diversity of profiles, backgrounds, expertise, and techniques.

The list of medalists is now available. Visit https://worldskills.org/what/competitions/worldskills-lyon-2024/#results to discover the winners!

What’s next?

The impact of WorldSkills Lyon 2024 extends far beyond the event itself. As the competition unfolded, and millions of people followed it in person or through media, WorldSkills Lyon 2024 spotlighted the crucial role of vocational education in today’s world and in shaping our shared future. By celebrating excellence, the competition highlighted the incredible ability of youth to drive the change our world needs through their energy and dedication. The legacy of this event lies in every vocation it has sparked and every future career it has inspired. This 47th edition has once again shown the world that where there is skill, there is a way.

Media Contacts:
Alice Nahon
PR Officer
[email protected]

Anne-Laure TRONC
Press Relation Manager
[email protected]

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Fintech PR

Touchless Vending Market Size to Grow USD 42330 Million by 2030 at a CAGR of 13.3% | Valuates Reports

Published

3 hours ago

September 19, 2024

CISION (PR Newswire)

BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Touchless Vending Market is Segmented by Type (Food and Beverage Vending Machines, Mask Vending Machine, Toy Vending Machine), by Application (Shopping Mall, Street, Hospital, Traffic Station): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Touchless Vending Market was valued at USD 19800 Million in 2023 and is anticipated to reach USD 42330 Million by 2030, witnessing a CAGR of 13.3% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Touchless Vending Market:

The touchless vending machines market is seeing rapid growth, driven by rising demand for hygienic, contactless solutions post-pandemic, especially in public places such as shopping malls, traffic stations, and hospitals. The ability to offer convenience and reduce human interaction has made these machines popular in food and beverage, personal protective equipment (PPE), and even toy vending. Technological advancements in contactless payment systems and smart inventory management further boost adoption. However, high initial investment costs may slow market growth, especially in developing regions.

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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL TOUCHLESS VENDING MARKET:

Food and beverage vending machines are highly popular in locations such as hospitals, shopping malls, and traffic stations, where consumers demand quick, hygienic access to snacks and drinks. These machines, equipped with touchless payment systems, Employee Background Check Software Market have seen increased adoption due to the convenience and enhanced hygiene they offer. In addition to traditional snacks and drinks, there is a growing trend toward healthier, premium food options in these vending machines, catering to health-conscious consumers, which further drives demand in this segment.

In shopping malls, vending machines are increasingly being used to provide convenience to shoppers, offering products ranging from snacks to toys and hygiene products. Touchless vending machines are particularly appealing due to their ability to cater to consumers who are looking for quick, contactless purchasing options while shopping. The presence of vending machines in high-traffic areas within malls ensures steady usage, and as malls look to enhance customer experiences, more advanced, interactive vending solutions are likely to be adopted.

Mask vending machines gained significant traction during the COVID-19 pandemic and continue to be relevant in hospitals, airports, and other high-traffic areas. These machines offer a convenient, touchless way for people to access face masks and personal protective equipment. While demand for masks has decreased slightly post-pandemic, the continued emphasis on public health and hygiene in high-risk locations ensures that these machines maintain a stable presence. Additionally, mask vending machines are being repurposed for other hygiene products, extending their utility.

Toy vending machines are commonly seen in shopping malls and entertainment centers, offering children and families a fun, convenient way to purchase toys. These machines are especially popular in high-traffic areas such as malls and family-friendly environments, where they offer an added entertainment element. Recent trends show a shift toward integrating digital elements, such as mobile apps and touchless payment options, into toy vending machines, enhancing the user experience and making these machines more interactive and appealing to younger audiences.

In hospitals, vending machines play a crucial role in providing essential items like snacks, beverages, and personal protective equipment (PPE), including masks. Touchless vending machines, in particular, have become more popular in healthcare environments due to their ability to reduce physical contact, thereby minimizing the risk of disease transmission. These machines are strategically placed in high-traffic areas, such as waiting rooms and cafeterias, ensuring that both staff and visitors have easy access to essential items without leaving the hospital premises.

Vending machines in traffic stations, including airports, bus terminals, and train stations, are seeing increased demand as more travelers seek convenient, contactless solutions for snacks and beverages during transit. Touchless vending machines are particularly favored in these locations due to their ability to offer quick, hygienic services to large numbers of travelers. With the growing number of people using public transportation, vending machines equipped with smart technology and contactless payment options are expected to become a staple in these locations.

Touchless vending machines are also becoming a common sight on streets and in other public spaces, providing convenience for passersby. These machines offer quick access to a variety of products, including food, beverages, and even hygiene items, such as masks and sanitizers. The convenience of contactless payment and minimal human interaction aligns well with the growing consumer preference for self-service, especially in outdoor environments. The installation of vending machines in streets and public spaces is expected to continue rising, driven by urbanization and consumer demand for 24/7 access to essential goods.

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TOUCHLESS VENDING MARKET SHARE

The Asia-Pacific region dominates the touchless vending machines market, driven by the high adoption rate of vending machines in countries like Japan and China, particularly in public spaces such as traffic stations and shopping malls. North America and Europe also show strong demand, especially for food and beverage vending machines in hospitals and other high-traffic areas. The Middle East and Africa are emerging markets, with increasing investments in smart city infrastructure and public health initiatives that support the adoption of touchless vending machines.

Key Companies:

Digital Media Vending International LLC
AusVendGroup
AMS Group, Inc.
LuxDisinfect
Aeguana
Vendekin

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Vending Machine Market

– Touchless Button Market

– Contactless Touch Technology market was valued at USD 986.4 Million in 2023 and is anticipated to reach USD 1422.1 Million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

– AI-Powered Checkout market was valued at USD 217 Million in 2023 and is anticipated to reach USD 681.6 Million by 2030, witnessing a CAGR of 17.5% during the forecast period 2024-2030.

– Hospital Vending Machine Market

– Capsule-Toy Vending Machines market is projected to grow from USD 351 Million in 2024 to USD 635.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.

– The global Digital Process Automation market is projected to grow from USD 7215.7 Million in 2024 to USD 11770 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.

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