Bucharest, Romania — Ameresco SUNEL Energy SA, a joint venture between Ameresco, Inc. (NYSE: AMRC) and SUNEL Group, has announced the signing of €303.4 million in Engineering, Procurement, and Construction (EPC) contracts for three solar parks in southwestern Romania. These projects, collectively generating 466 MWp, mark a significant step forward in Romania’s efforts to enhance energy security, drive economic growth, and fulfill climate commitments.
The development of these solar parks is pivotal in Romania’s strategy to phase out coal-fired power generation by 2032. Once operational, the solar facilities are projected to offset approximately 734,789 tonnes of CO₂ emissions annually, aligning with both national and European net-zero targets.
The EPC contract will see Ameresco SUNEL Energy SA manage the entire lifecycle of the projects, including design, procurement, construction, commissioning, operation, and maintenance. The solar parks will be equipped with over 757,000 fixed-tilt solar modules, engineered to maximize energy capture and efficiency.
Pete Christakis, President of East USA and Managing Director of Ameresco SUNEL Energy SA, emphasized the strategic importance of these projects: “These projects exemplify our commitment to advancing renewable energy solutions and underscore the importance of Europe’s growth and stability.”
The shift to solar energy is expected to foster economic growth in the region, creating jobs and stimulating local businesses. Konstantinos Zygouras, Vice President at Ameresco SUNEL Energy SA, stated, “Romania’s vast solar potential, combined with strategic investments in renewable energy, will position the country as a leader in Europe’s clean energy transition.”
Construction of the solar parks is anticipated to be completed within 18 months, bringing Romania closer to its renewable energy targets and reinforcing its position as a regional leader in clean energy. This initiative also reflects the broader European commitment to reducing reliance on fossil fuels.
Industry experts note that investments in solar energy are crucial for achieving energy independence and sustainability. According to the International Energy Agency (IEA), transitioning to renewable energy sources is essential for meeting climate goals and ensuring energy security in the face of global challenges.
The €303.4 million investment by Ameresco SUNEL Energy SA signifies a major advancement in Romania’s renewable energy landscape. As the country moves towards a cleaner, more sustainable future, these solar projects are set to play a critical role in reducing carbon emissions and promoting economic development.
