October 2026
Largest Renewable Energy Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Aksa Enerji, Mogan Enerji, Akfen Yenilenebilir Enerji, Margun Enerji and Kalyon Güneş Teknolojileri.
 | Aksa Enerji Uretim AS is an independent power producer, which engages in the power plant installation process that produces energy from natural gas, lignite, the hydroelectric, wind, and fuel oil. It operates through Turkey, Asia and Africa geographical segment out of which Turkey accounts for a majority of the firm's revenue. | $1 | +13% | $1.7B | $3B | 3.5x | 12.6x | ||
| Mogan Enerji Yatirim Holding AS is a company operating in the energy sector through its renewable energy plants, plays a significant role in carbon emission trading. The company which has directed its investments towards renewable energy plants, includes Geothermal Power Plants, Hydroelectric Power Plants, and Wind Power Plants. | -- | -- | $676M | $654M | 3.0x | 6.3x | ||
| Akfen Yenilenebilir Enerji AS operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants. | $0 | -81% | $569M | $811M | 6.9x | 13.6x | ||
| Margun Enerji Uretim Sanayi Ve Ticaret AS operates in the fields of power plant establishment, commissioning, electrical energy production, establishment, and commitment of power generation facilities in order to obtain electricity from Renewable Energy Sources, primarily Solar Energy. | $0 | -78% | $461M | $614M | 22.1x | (88.3x) | ||
| Kalyon Gunes Teknolojileri Uretim AS is engaged in the production and sale of solar panels. In addition, it also produces ingots, wafers and cells. | $1 | -35% | $387M | $501M | - | - | ||
| Masfen Enerji AS is a solar energy company engaged in the development, construction, and operation of solar power projects in Turkey and Europe. Its services include ground-mounted and rooftop solar solutions, operation and maintenance, financial solutions, and related monitoring and protection products. The company also operates solar power projects as part of its own investment portfolio. | $1 | -- | $376M | $416M | - | - | ||
| IC Enterra Yenilenebilir Enerji AS is a energy producing company in Turkey. It generates electricity from hydroelectric power plants and has power plants in Trabzon, Erzincan, Tokat, Mersin and Giresun. | $0 | -23% | $359M | $586M | 6.9x | 11.5x | ||
| Cw Enerji Muhendislik Ticaret Ve Sanayi Ab is a manufacturer, solution provider, and service company in the photovoltaic power generation sector. CW Enerji’s scope of products comprises solar power plant investment and technical consulting, projecting, system design, solar power plant installations, licensing, and operation, as well as licensed and unlicensed production regulations for solar power plants projects planning, designing, financing, implementation, and general maintenance matters. | $0 | -44% | $353M | $545M | 1.6x | 7.5x | ||
| Aydem Yenilenebilir Enerji AS is operating in the field of renewable energy generation. It generates revenues from sales of electricity. | $0 | +2% | $324M | $789M | 3.0x | 10.7x | ||
| Metgun Enerji Yatirimlari AS is engaged in the electricity generation and trading market, focusing on the design, development, and operation of renewable energy facilities, including solar, wind, hydroelectric, and biomass energy production. The company adopts an environmentally conscious approach, aiming to reduce its carbon footprint by generating energy from renewable sources. Its areas of activity are Wind Power Plants, Solar Power Plants, and hydroelectric power plants. | $0 | -- | $257M | $358M | 8.6x | 11.3x | ||
| Ecogreen Enerji Holding AS is a renewable energy company. Its portfolio includes solar, biogas, and biomass-based licensed power plants. The company's core business activity consists of the production of electrical energy from solar power plants, biomass power plants and biogas power plants through its subsidiaries, the sale of the generated electricity, the production and sale of organic and organomineral fertilizers and EPC activities. | $0 | -- | $236M | $369M | - | - | ||
| Galata Wind Enerji is engaged in establishing, commissioning, leasing electrical energy production facilities, and electricity generation. It produces renewable energy and develops battery solutions. The firm designs solar energy systems to produce energy on the roofs of homes, schools, workplaces, fuel stations, and production centers. | $0 | -28% | $204M | $247M | 4.2x | 5.6x | ||
| Lydia Yesil Enerji Kaynaklari AS aims to achieve sustainable development by reducing environmental risks and ecological scarcities with its green economy vision. Its fields of activities are Solar Energy, Research and Development, and Sustainability. | $107 | -78% | $202M | $201M | 187.3x | - | ||
| Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels. | $1 | -50% | $194M | $230M | 1.4x | 24.5x | ||
| Birlesim Grup Enerji Yatirimlari AS is engaged in producing energy. The company is engaged in energy sector with a particular focus on renewable energy. | $0 | +25% | $163M | $230M | 7.5x | 15.3x | ||
| Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS, formerly Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants. | $0 | -60% | $158M | $412M | ||||
| Ayen Enerji AS is a Turkey-based company engaged in the generation, transmission, distribution, and trading of electricity. The company's geographical segment includes Turkey and Abroad. It generates maximum revenue from Abroad. The company generates the majority of its energy from Hydro plants. The companies located in abroad operate in Albania, Serbia, and Slovenia. | $0 | -27% | $134M | $288M | ||||
| Tatlipinar Enerji Uretim AS is an Turkey based renewable energy producing corporation which aims in reducing foreign dependency in energy by using domestic and clean energy resources in the most efficient way. | $0 | -81% | $101M | $291M | ||||
| Biotrend Cevre ve Enerji Yatirimlari AS is engaged in the acquisition of electricity generation companies operating in the fields of landfill gas and biomass electricity generation activities and waste management such as biomethanization, mechanical separation, field operation, and greenhouse in Malatya, Sivas, Iskenderun respectively. | $0 | -65% | $97M | $221M | ||||
| Blume Metal Kimya AS enagegd in the production and sales of solar power plants. | $1 | -58% | $96M | $96M | ||||
| Enda Enerji Holding AS is engaged in developing and operating renewable energy projects in Turkey, including hydroelectric, wind, and geothermal power plants. The company also supplies electricity to independent consumers via its subsidiary, Ensat Electricity Energy Supply Co. | $0 | -42% | $92M | $149M | ||||
| Esenboga Elektrik Uretim AS is engaged in the business of generating and selling electricity from solar power. | $0 | -76% | $83M | $272M | ||||
| Best Brands Grup Enerji Yatirim AS is a renewable energy organization. The company is engaged in the establishment, commissioning, leasing, and participation in existing or future facilities, individuals, and businesses, as well as the production of electrical energy and the sale of the produced electrical energy and/or capacity to customers, both domestically and internationally. Its activities are carried out through its solar power plants are related to electricity generation. | $0 | -- | $69M | $74M | ||||
| Naturel Yenilenebilir Enerji Ticaret is a Turkey-based company engaged in the business of Renewable energy. The electricity generation services offered by the company include Common services, Wind Plants, Solar Plants, and Geo-Thermal Plants among others. It also offers other services such as Wind Measurement, Solar Measurement, and solutions for power transmission lines. | $0 | -67% | $59M | $387M | ||||
| Say Yenilenebilir Enerji Ekipmanlari Sanayi Ve Ticaret AS is engaged in Renewable Energy equipment solutions. Its products and services are Tower Interior Features, Carrying Equipment, Tower External Parts, and Other products. | $1 | -44% | $56M | $53M | ||||
| Arf Bio Yenilenebilir Enerji Uretim AS operates in the renewable energy sector. The company is engaged in biomass sector that focused on transforming waste that causes environmental pollution into efficient end products. its Biogas Technology enables the generation of energy from organic waste materials, increases soil fertility with organic-organomineral fertilizers, and generation of electricity. | $0 | -- | $45M | $37M | ||||
| PAMEL Yenilenebilir Elektrik Uretim operates in the renewable energy sector. It holds two hydroelectric power plants with an installed capacity of 6.744 MW in Adiyaman and 7.49 MW in Tortum district in Erzurum province. | $1 | -64% | $25M | $25M | ||||
| Consus Enerji Isletmeciligi Ve Hizmetleri Anonim Sirketi is engaged in investing in renewable resources and implementing special energy solutions needed by industrial organizations on site. Its business areas include BioMass, Solar Energy, Cogeneration, and Electricity Trading. | $0 | -61% | $24M | $150M | ||||
| Hun Yenilenebilir Enerji Uretim AS is engaged in the establishment, construction, commissioning, leasing, generation of electrical energy, and sale of electrical energy. The company has investments in Solar Energy, Biomass, and Hydroelectric. | $0 | -11% | $24M | $68M | ||||
| Aksu Enerji Ve Ticaret AS a Turkey-based company involved in generation and distribution of electricity. It generates Hydroelectric Energy by taking its source from the rivers, Solar energy and Wind energy generated by the construction of turbines in high zones. | $0 | -28% | $20M | $20M | ||||
| A1 Yenilenebilir Enerji Uretim AS Formerly Kartal Yenilenebilir Enerji Uretim AS is engaged in the generation of electrical energy from solar power plants and the sale of the generated electricity to distribution companies. | $0 | -53% | $19M | $24M | ||||
| Median | $0 | -50% | $158M | $272M | 5.7x | 9.2x |
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