Ameresco Sunel Energy SA Launches 58MWp Solar Project in Romania — Ameresco, Inc.

Event summary

Ameresco Sunel Energy SA, a joint venture between Ameresco and SUNEL Group, has started construction on a 58MWp solar project in Iratosu, Arad County, Romania.
The project is owned by TDI Renewables Ltd and includes a 33 kV/110 kV substation and underground cable works to integrate the facility into Romania's energy grid.
The solar facility is expected to offset approximately 53,920 metric tons of CO₂ annually.
This project builds on Ameresco Sunel Energy SA's recent developments in Romania, including a previously announced set of solar parks totaling 466 MWp.

The big picture

This project reinforces Ameresco's strategic focus on expanding its renewable energy footprint in Central and Eastern Europe. It aligns with Romania's broader transition away from coal-fired power generation and supports the country's net-zero commitments. The deal size, while not disclosed, is part of a growing portfolio that underscores Ameresco's role as a key player in the region's energy infrastructure modernization.

What we're watching

Execution Risk: Whether Ameresco Sunel Energy SA can deliver the project on time and within budget, given its expanding portfolio in Romania.
Regulatory Dynamics: How Romania's commitment to phasing out coal by 2032 will impact the demand for renewable energy projects like this one.
Market Expansion: The pace at which Ameresco Sunel Energy SA can secure additional solar projects in Central and Eastern Europe, following this milestone.