Margün Enerji

What Margün Enerji does

Margün Enerji Üretim Sanayi ve Ticaret A.Ş. is a Turkish renewable energy company, founded in 2014 and publicly listed on Borsa İstanbul under the ticker MAGEN. The company develops, constructs, and operates solar photovoltaic power plants across Turkey, with 118.03 MWp of installed solar capacity, a 30.39% stake in Enda Enerji Holding (189.63 MW as of 2021), and a 2025 acquisition of RSC Elektrik that added a geothermal asset. It operates three integrated service lines — project development (feasibility, permitting, licensing, financial modeling), EPC (engineering, procurement, and construction of ground-mounted, rooftop, and facade solar systems), and O&M (24/7 SCADA-based performance monitoring, preventive maintenance, fault response, spare parts management). Notable technical work includes the 2024 commissioning of Özmen-1 GES, marketed as Turkey's first solar-integrated battery storage facility at 2.064 MWh, developed by subsidiary Soleil Yenilenebilir Enerji in Muğla.

The company monetizes through a mix of recurring and transactional revenue streams. It generates electricity from owned assets and sells to the grid under an Electricity Market Supply License obtained in 2023 (recurring), charges project-based fees for EPC and project development services (transactional), and earns recurring O&M contracts across its fleet. Pricing is custom and quoted per project based on scope and capacity rather than through published tiers, and contracts are typically multi-year. Customer segments span renewable energy investors (primary), commercial and industrial enterprises seeking on-site generation, and landowners with sites suitable for utility-scale solar.

Go-to-market is direct enterprise sales with no resellers or intermediaries. In 2024, Margün Enerji established wholly-owned subsidiaries in six European countries — Netherlands, UK, Spain, Italy, Romania, and Greece — under the "Margün Climatech" brand to pursue Western European project development, with stated interest in Italy, Germany, the UK, and the USA. The company is majority-controlled by Naturel Holding (ESEN Group holds 75.61% across share classes; public float ~24.38%) and audited by DRT (Deloitte Touche). It also reports extensive ISO certifications (9001, 14001, 27001, 45001, 50001, 14064, 31000, 10002) and UN Global Compact / UN WEPs signatory status.

Name

Margün Enerji

Legal name

Margün Enerji Üretim Sanayi ve Ticaret A.Ş.

Website

https://margunenerji.com.tr

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Margün Enerji is a Turkish publicly listed (MAGEN) solar energy developer and EPC/O&M services provider with 118.03 MWp installed capacity, serving renewable energy investors and commercial-industrial enterprises across Turkey and Western European markets through six 2024-vintage subsidiaries.

Ownership category

akta.pro rank

Product category

Solar Energy EPC and Project Development

NAICS

Solar Electric Power Generation (221114), Geothermal Electric Power Generation (221116), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Utility-Scale Power Generation Asset Management (EUAEAMAA), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Solar EPC services
• Renewable energy development
• Operations and maintenance
• Solar project development
• Energy storage systems

Headquarters

HQ city

Çankaya

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Generation and Sales: Electricity production from owned solar power plants (118.03 MWp installed capacity) sold to the grid. The company holds an Electricity Market Supply License obtained in 2023.
2. EPC Services (Engineering, Procurement, Construction): Turnkey solar energy project installation services including engineering design, equipment procurement, construction, and commissioning. Covers ground-mounted, rooftop, and facade solar systems.
3. Operations & Maintenance (O&M) Services: Ongoing maintenance, monitoring, fault response, spare parts management, and performance optimization services for solar energy systems to ensure uninterrupted operation.
4. Project Development Services: Full-cycle project development including land development, feasibility studies, technical analysis, permitting and licensing, financial modeling, and investor relations support from concept to commissioning.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Margün Enerji develops, constructs, and operates solar energy power plants on a turnkey basis. Its offering spans Project Development (feasibility, licensing, financial modeling), EPC (engineering, procurement, and construction for ground-mounted, rooftop, and facade solar systems), and Operations & Maintenance (7/24 SCADA monitoring, preventive maintenance, fault response, spare parts, and performance optimization). It also owns and operates a 118.03 MWp solar generation portfolio and has built Turkey's first solar-integrated battery storage unit (2.064 MWh).

Product overview

Margün Enerji offers a comprehensive suite of renewable energy solutions centered on solar energy systems. The company provides three integrated service lines: (1) Project Development (Proje Geliştirme) covering land development, feasibility studies, licensing, and financial modeling from concept to commissioning; (2) EPC Services (Anahtar Teslim Kurulum) providing engineering, procurement, and construction for solar power plants including land-type, roof-type, and facade installations; and (3) Operations & Maintenance (İşletme & Bakım) delivering performance monitoring, fault detection, preventive maintenance, energy efficiency optimization, and technical documentation. The company operates with 118.03 MWp of installed solar capacity in Turkey and has completed a 61 MWp solar power plant abroad. Notable innovation includes the Özmen-1 GES Integrated Storage Unit, Turkey's first solar-plus-storage facility with 2.064 MWh capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• EPC Services (Engineering, Procurement & Construction) Turnkey solar energy project implementation covering engineering, procurement, and construction services. Includes land-type solar power plant projects, roof-type systems, and facade solutions, managed from start to finish with quality and occupational safety standards. Targets renewable energy investors and commercial/industrial enterprises in Turkey and internationally.
• Project Development Services Comprehensive project development services from concept to commissioning, including land development, feasibility and technical analysis, investor relations support, permits and licensing processes, and financial modeling with revenue projections. Targets renewable energy investors, landowners, and project developers seeking turnkey support across the project lifecycle.
• Operations & Maintenance (O&M) Services Ongoing operations and maintenance services for energy systems including periodic maintenance, 7/24 performance monitoring and fault detection via SCADA, emergency response and repair, energy efficiency analysis and optimization, reporting and technical documentation, remote software updates, spare parts management, and occupational safety compliance. Targets operators and investors of utility-scale and C&I solar plants.
• Solar Electricity Generation and Sales Electricity production from Margün Enerji's owned solar power plants (118.03 MWp installed capacity) sold to the grid under the company's Electricity Market Supply License obtained in 2023. Generates recurring power sales revenue from the operational portfolio in Turkey.
• Özmen-1 GES Integrated Solar-Plus-Storage Project Turkey's first solar power plant with an integrated battery storage unit, delivered at the Eti Soda plant in Muğla through subsidiary Soleil Yenilenebilir Enerji. Combines 2.064 MWh of battery storage with solar generation to minimize grid imbalance costs, store surplus output above committed capacity, and release power back to the grid. Expected to generate approximately 860,000 kWh of additional annual production revenue.

Quantifiable outcome

• 118.03 MWp installed solar capacity in Turkey
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Turkish Equipment SuppliersminorStrategic or Co-development Partner · 1 January 2024Two leading Turkish suppliers collaborated for the 61 MWp turnkey solar power plant installation completed abroad.
• Margün Climatech B.V.coreStrategic or Co-development PartnerWholly-owned subsidiary based in Netherlands established in 2024 for international climate technology investments and European market development.
• Margun UK Climatech LTDcoreStrategic or Co-development PartnerUK-based subsidiary established in 2024 for project development and investment activities in the UK market.
• Margun Spain Climatech S.L.coreStrategic or Co-development PartnerSpain-based subsidiary established in 2024 for project development activities in the Spanish market.
• Margun Italy Climatech S.R.L.coreStrategic or Co-development PartnerItaly-based subsidiary established in 2024 for project development activities in the Italian market.
• Margun Romania Climatech S.R.L.coreStrategic or Co-development PartnerRomania-based subsidiary established in 2024 for project development activities in the Romanian market.
• Margun Greece Climatech A.E.coreStrategic or Co-development PartnerGreece-based subsidiary established in 2024 for project development activities in the Greek market.
• Soleil Yenilenebilir Enerji Tic. A.Ş.coreStrategic or Co-development PartnerSubsidiary that developed the Özmen-1 GES project with integrated storage unit in Muğla, Turkey's first solar-integrated storage project.
• Ensoft Teknoloji Geliştirme ve Arge A.Ş.coreTechnology or IntegrationSubsidiary focused on R&D, design, energy sector digital platforms, management automation and control software development.
• DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Deloitte Touche)coreOthersIndependent auditor for Margün Enerji's financial reporting and corporate governance compliance as a listed company.

Scale indicators10 records

Recent moves10 records

Expansion highlights4 records

Emerging players

• Encavis AG: German solar and wind IPP operating across Europe. Comparable to Margün's owned-generation model and recurring revenue from power sales.
• Akuo Energy: French independent renewable energy developer/operator with solar and storage focus. Comparable to Margün on integrated solar+storage project delivery and European market presence.

Broad incumbents

• Enel Green Power: Global renewable energy subsidiary of Enel, one of the largest solar/wind developers and operators. Comparable as a broad incumbent that Margün will compete against in European auctions.
• EDP Renováveis: Global renewable utility with significant solar and wind IPP operations across Europe and the Americas. Comparable broad incumbent that anchors the competitive set Margün faces abroad.
• Iberdrola Energía Renovable: Spanish-headquartered global renewables operator with utility-scale solar assets across Europe and the US. Comparable broad incumbent in the same European geographies Margün is entering.

Direct peers

• Solarpro Holding: Bulgarian-headquartered solar EPC and IPP active across Europe. Comparable to Margün as a developer-EPC-O&M player targeting utility-scale projects in EU markets.
• Scatec ASA: Norwegian solar IPP and EPC provider focused on emerging and developed markets. Comparable as a developer-owner-operator running solar assets and providing EPC services.
• BayWa r.e. German global solar and wind project developer, EPC and O&M provider with European multi-market footprint. Highly comparable business model and target customer base to Margün's international expansion plans.
• Kalyon Güneş Teknolojileri: Turkish vertically integrated solar company combining PV module manufacturing with EPC and project development. Most directly comparable to Margün on Turkish utility-scale solar EPC and own-development.

Regional players

• Sunridge Renewable: Other Turkish solar EPC and developer competitors operating primarily in the domestic Turkish market. Comparable to Margün on home-market customer base and project types, though smaller in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/enerjimargun
• LinkedInlinkedin.com/company/margunenerji

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Margün Enerji