{"id":202483,"date":"2026-01-26T15:20:07","date_gmt":"2026-01-26T12:20:07","guid":{"rendered":"https:\/\/www.enerjigazetesi.ist\/?p=202483"},"modified":"2026-01-26T15:44:47","modified_gmt":"2026-01-26T12:44:47","slug":"18inci-turkiye-enerji-sektorunde-birlesme-ve-satin-almalar-raporunun-sonuclari","status":"publish","type":"post","link":"https:\/\/www.enerjigazetesi.ist\/en\/18inci-turkiye-enerji-sektorunde-birlesme-ve-satin-almalar-raporunun-sonuclari\/","title":{"rendered":"(Turkish) 18’inci ‘T\u00fcrkiye Enerji Sekt\u00f6r\u00fcnde Birle\u015fme ve Sat\u0131n Almalar Raporu’nun Sonu\u00e7lar\u0131…"},"content":{"rendered":"

Sorry, this entry is only available in Turkish<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p>

<\/p>\n

PwC T\u00fcrkiye, T\u00fcrkiye enerji sekt\u00f6r\u00fcndeki birle\u015fme ve sat\u0131n alma i\u015flemlerinin yan\u0131 s\u0131ra en g\u00fcncel sekt\u00f6r trendlerinin kapsaml\u0131 bir analizini i\u00e7eren Enerji Sekt\u00f6r\u00fcnde Birle\u015fme ve Sat\u0131n Almalar Raporu’nun 18.’sini yay\u0131nlad\u0131.<\/h2>\n

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Rapora g\u00f6re; ABD’nin korumac\u0131 ticaret politikalar\u0131, AB \u00fclkelerindeki siyasi istikrar sorunu, devam eden sava\u015flar, artan savunma sanayii harcamalar\u0131, insani krizler, global tedarik zinciri \u00fczerindeki bask\u0131lar, yapay zekan\u0131n beraberinde getirdi\u011fi belirsizlikler, ge\u00e7im s\u0131k\u0131nt\u0131s\u0131, derinle\u015fen iklim krizi ve proje finansman\u0131nda zorluklar, 2025’te d\u00fcnya ekonomisinin direncini test eden ba\u015fl\u0131ca etkenler oldu.<\/p>\n

Buna kar\u015f\u0131l\u0131k, k\u00fcresel enerji piyasalar\u0131nda birle\u015fme ve sat\u0131n alma i\u015flemlerinde 2024’te ba\u015flayan temkinli toparlanma, 2025’te de tedarik zinciri direncinin art\u0131r\u0131lmas\u0131, teknolojik kapasitenin g\u00fc\u00e7lendirilmesi, veri merkezlerinin artan enerji talebinin kar\u015f\u0131lanmas\u0131, enerji d\u00f6n\u00fc\u015f\u00fcm\u00fc, portf\u00f6y \u00e7e\u015fitlili\u011finin art\u0131r\u0131lmas\u0131, ana i\u015f kollar\u0131na odaklanma, operasyonel verimlilik, bor\u00e7 y\u00fck\u00fcn\u00fcn azalt\u0131lmas\u0131 ve yeni yat\u0131r\u0131mlar i\u00e7in finansman yaratma hedefleri \u00e7er\u00e7evesinde yap\u0131lan i\u015flemlerle g\u00fc\u00e7l\u00fc bir \u015fekilde devam etti.<\/p>\n

Temkinli yakla\u015f\u0131m s\u00fcr\u00fcyor<\/b><\/h3>\n
\"\"

PwC T\u00fcrkiye \u015eirket Birle\u015fme ve Sat\u0131n Alma \u0130\u015flemleri Lideri Engin Alio\u011flu<\/p><\/div>\n

PwC T\u00fcrkiye \u015eirket Birle\u015fme ve Sat\u0131n Alma \u0130\u015flemleri Lideri Engin Alio\u011flu<\/b>, rapora ili\u015fkin de\u011ferlendirmesinde \u015funlar\u0131 s\u00f6yledi:<\/p>\n

“T\u00fcrkiye enerji piyasas\u0131ndaki birle\u015fme ve sat\u0131n alma i\u015flemlerinde 2025 y\u0131l\u0131nda makroekonomik belirsizliklere ve b\u00f6lgedeki siyasi istikrars\u0131zl\u0131\u011fa ra\u011fmen ya\u015fanan toparlanmay\u0131 \u00e7ok \u00f6nemli buluyoruz. Ancak,\u00a0PwC T\u00fcrkiye olarak 18. kez ger\u00e7ekle\u015ftirdi\u011fimiz bu ara\u015ft\u0131rman\u0131n ortaya koydu\u011fu tablo itibariyle,\u00a0bu toparlanmay\u0131 s\u00fcrd\u00fcr\u00fclebilir k\u0131lmak ve piyasadaki yat\u0131r\u0131m cazibesini art\u0131rmak i\u00e7in at\u0131lacak ad\u0131mlar\u0131n politika yap\u0131c\u0131lar\u0131n \u00f6nceli\u011fi olmas\u0131 gerekti\u011finin bir kez daha vurgulamak istiyoruz.<\/em><\/p>\n

Son y\u0131llarda \u00f6zellikle yenilenebilir enerji piyasas\u0131yla ilgilenen yat\u0131r\u0131mc\u0131 profilinde \u00f6nemli de\u011fi\u015fiklikler g\u00f6r\u00fcyoruz. Art\u0131k daha iyi planlanm\u0131\u015f stratejilerle yatay ve dikey entegrasyonunun \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 bu olgunluk d\u00f6neminde birle\u015fme ve sat\u0131n alma i\u015flemlerinin sekt\u00f6re ilk giri\u015ften daha ziyade mevcut portf\u00f6yleri b\u00fcy\u00fctmek amac\u0131yla ger\u00e7ekle\u015fti\u011fini g\u00f6zlemliyoruz. \u00d6te yandan, sanayi \u015firketlerinin elektrik maliyetlerini kontrol stratejileri do\u011frultusunda enerji piyasas\u0131ndaki sat\u0131n alma i\u015flemlerinde daha aktif hale gelmesini bekliyoruz.<\/em><\/p>\n

T\u00fcrkiye’de enerji piyasas\u0131n\u0131n potansiyeline ve bu potansiyelin do\u011fru politikalar ve stratejik ortakl\u0131klarla hayata ge\u00e7irilebilece\u011fine olan inanc\u0131m\u0131z\u0131 koruyoruz. \u00dclkemizin k\u00fcresel birle\u015fme ve sat\u0131n alma i\u015flemlerindeki g\u00fc\u00e7l\u00fc ortamdan hak etti\u011fi pay\u0131 alabilmesi i\u00e7in yat\u0131r\u0131mc\u0131lara \u00f6ng\u00f6r\u00fclebilir bir makroekonomik ortam\u0131n sa\u011flanmas\u0131na, \u00f6zellikle piyasa d\u00fczenlemeleri ve finansman cephesinde belirsizliklerin ortadan kalkmas\u0131na, enerji d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fcn gerektirdi\u011fi ad\u0131mlar\u0131n her sekt\u00f6re yay\u0131lmas\u0131na ve yeni cazibe noktalar\u0131na ihtiya\u00e7 var. COP 31’in 2026’da T\u00fcrkiye’de d\u00fczenlenecek olmas\u0131n\u0131n bu y\u00f6ndeki \u00e7abalara ivme kazand\u0131rmas\u0131n\u0131 umuyoruz.”<\/em><\/p>\n

T\u00fcrkiye enerji piyasas\u0131ndaki birle\u015fme ve sat\u0131n alma i\u015flemlerinde g\u00fc\u00e7l\u00fc bir toparlanma ya\u015fand\u0131<\/b><\/h3>\n

K\u00fcresel \u00f6l\u00e7ekte devam eden hareketlili\u011fe paralel olarak, T\u00fcrkiye enerji piyasas\u0131nda da 2022’den bu yana devam eden yava\u015flama 2025’te yerini g\u00fc\u00e7l\u00fc bir toparlanmaya b\u0131rakt\u0131.<\/p>\n

Kamuya a\u00e7\u0131klanan\u00a038 adet birle\u015fme ve sat\u0131n alma i\u015fleminin toplam tahmini de\u011feri, 2024 y\u0131l\u0131na k\u0131yasla \u00fc\u00e7 kat artarak 3 milyar ABD dolar\u0131na ula\u015ft\u0131. Ortalama i\u015flem de\u011feri de %200 artarak 79 milyon ABD dolar\u0131 olarak ger\u00e7ekle\u015fti.<\/p>\n

Rapora g\u00f6re, uzun bir aradan sonra baz\u0131 b\u00fcy\u00fck termik santrallerin sat\u0131\u015f\u0131, halka arzlar \u00f6ncesinde portf\u00f6ylere olan ilgiyi art\u0131rmak i\u00e7in at\u0131lan stratejik ad\u0131mlar, sanayi \u015firketlerinin enerji maliyetlerini kontrol alt\u0131na alma \u00e7abalar\u0131, do\u011falgaz da\u011f\u0131t\u0131m sekt\u00f6r\u00fcnde devam eden konsolidasyon ve do\u011falgaz boru hatlar\u0131na olan ilgi bu performans\u0131n a\u00e7\u0131klay\u0131c\u0131 unsurlar\u0131 aras\u0131nda yer ald\u0131.<\/p>\n

Ayr\u0131ca, 2024’te t\u00fcm i\u015flemler yerli yat\u0131r\u0131mc\u0131lar aras\u0131nda ger\u00e7ekle\u015ftirilmi\u015fken, 2025’te toplam tahmini i\u015flem de\u011ferinin %42’si yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n al\u0131c\u0131 taraf\u0131nda yer ald\u0131\u011f\u0131 i\u015flemlerden olu\u015ftu.<\/p>\n

Enerji altyap\u0131 sekt\u00f6r\u00fcndeki i\u015flemler aras\u0131nda termik santral sat\u0131\u015flar\u0131 ilk s\u0131ray\u0131 ald\u0131<\/b><\/h3>\n

Raporda, T\u00fcrkiye’nin toplam elektrik t\u00fcketiminin 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re %3 artt\u0131\u011f\u0131, toplam \u00fcretim kapasitesinin %5 oran\u0131na y\u00fckselerek 122 GW’a ula\u015ft\u0131\u011f\u0131 ve bu kapasitenin %62’sinin yenilenebilir enerji santrallerinden olu\u015ftu\u011funa dikkat \u00e7ekildi.<\/p>\n

2025 y\u0131l\u0131nda enerji altyap\u0131 sekt\u00f6r\u00fcndeki birle\u015fme ve sat\u0131n alma i\u015flemlerinin toplam de\u011feri i\u00e7inde, termik santral sat\u0131\u015flar\u0131ndan elde edilen gelirler ba\u015f\u0131 \u00e7ekti.<\/p>\n

2024’te bu sekt\u00f6rdeki toplam i\u015flem de\u011ferinin \u00e7o\u011funlu\u011funu olu\u015fturan do\u011falgaz da\u011f\u0131t\u0131m alt segmentindeki konsolidasyon 2025 y\u0131l\u0131nda da devam etti.<\/p>\n

\u0130\u015flemlerin geri kalan\u0131nda 22 yenilenebilir enerji \u015firketi, iki elektrik ticareti \u015firketi, bir b\u00fcy\u00fck hidroelektrik santrali ve bir \u00e7\u00f6pten elektrik \u00fcretme tesisinin hisseleri el de\u011fi\u015ftirdi.<\/p>\n

Petrol ve do\u011falgaz sekt\u00f6r\u00fcnde hareketli bir y\u0131l ya\u015fand\u0131<\/b><\/h3>\n

Raporda, T\u00fcrkiye’nin Ocak \u2013 Ekim 2025 d\u00f6neminde toplam petrol \u00fcr\u00fcnleri talebinin bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %5 artt\u0131\u011f\u0131 belirtilirken, toplam y\u0131ll\u0131k do\u011falgaz talebinin ise %15 artarak 60 milyar metrek\u00fcpe (bcm) ula\u015ft\u0131\u011f\u0131 y\u00f6n\u00fcndeki piyasa tahminine de yer verildi.<\/p>\n

2024’teki durgunlu\u011fun aksine, 2025 y\u0131l\u0131 petrol ve do\u011falgaz sekt\u00f6rlerinde sat\u0131n alma ve birle\u015fme i\u015flemleri a\u00e7\u0131s\u0131ndan hareketli bir y\u0131l oldu.<\/p>\n

TANAP’ta yap\u0131lan az\u0131nl\u0131k hissesi sat\u0131\u015f\u0131 t\u00fcm enerji sekt\u00f6r\u00fcndeki en y\u00fcksek de\u011ferli i\u015flem olurken, akaryak\u0131t da\u011f\u0131t\u0131m, petrol \u00fcr\u00fcnleri depolama ve ihrakiye segmentlerinde ger\u00e7ekle\u015fen i\u015flemlerle ilgili detaylar da raporda yer ald\u0131.<\/p>\n

2026 ve sonras\u0131nda belirleyici olacak etkenler<\/b><\/h3>\n

Rapora g\u00f6re 2026 ve sonras\u0131nda enerji sekt\u00f6r\u00fcndeki birle\u015fme ve sat\u0131n alma faaliyetlerini etkileyebilecek hususlar \u015f\u00f6yle s\u0131raland\u0131:<\/p>\n

– Makroekonomik normalle\u015fmenin finansmana etkileri, uluslararas\u0131 finans kurulu\u015flar\u0131ndan sa\u011flanan fon ak\u0131\u015flar\u0131<\/p>\n

– Elektrikli ara\u00e7 \u015farj altyap\u0131s\u0131, akaryak\u0131t da\u011f\u0131t\u0131m\u0131 ve do\u011falgaz da\u011f\u0131t\u0131m piyasalar\u0131nda konsolidasyonu<\/p>\n

– Yerli pil \u00fcreticilerine yabanc\u0131 teknoloji \u015firketlerinin ilgisi<\/p>\n

– Halka arzlar \u00f6ncesinde portfolyo yap\u0131land\u0131rmalar\u0131<\/p>\n

– Sanayi \u015firketlerinin enerji maliyetlerini d\u00fc\u015f\u00fcrmeye y\u00f6nelik lisanss\u0131z GES yat\u0131r\u0131mlar\u0131<\/p>\n

– Hidroelektrik ve k\u00f6m\u00fcr santrallerini i\u00e7eren \u00f6zelle\u015ftirme program\u0131<\/p>\n

– YEKA ihaleleri kapsam\u0131nda \u00f6ne \u00e7\u0131kan projelerin yeni birle\u015fme ve sat\u0131n alma hedefi haline gelmesi<\/p>\n

PwC T\u00fcrkiye’nin 18. T\u00fcrkiye Enerji Sekt\u00f6r\u00fcnde Birle\u015fme ve Sat\u0131n Almalar Raporu’na\u00a0bu sayfadan<\/a>\u00a0eri\u015febilirsiniz.<\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Sorry, this entry is only available in Turkish. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. PwC T\u00fcrkiye, T\u00fcrkiye enerji sekt\u00f6r\u00fcndeki birle\u015fme ve sat\u0131n alma i\u015flemlerinin yan\u0131 s\u0131ra en g\u00fcncel sekt\u00f6r trendlerinin kapsaml\u0131 bir analizini i\u00e7eren Enerji Sekt\u00f6r\u00fcnde […]<\/p>\n","protected":false},"author":1,"featured_media":202485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[51,53],"tags":[2514,62464,117821,29842,1564,165,24571,19389,31637,1839,117820,117819,117822],"views":21,"_links":{"self":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/202483"}],"collection":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/comments?post=202483"}],"version-history":[{"count":0,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/202483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media\/202485"}],"wp:attachment":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media?parent=202483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/categories?post=202483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/tags?post=202483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}