TDI Renewables Secures USD 28.6 Million Financing for Iratosu Solar Project in Romania
TDI Renewables raises EUR 26 million in financing for a solar power project in Romania, part of a busy week of European renewables financing and capacity n
Research Desk
TDI Renewables, a UK-based renewable energy developer, has secured USD 28.6 million in financing for its 58 MWp Iratosu Solar PV Project in Arad County, Romania. The funding, provided by Raiffeisen Bank International AG, marks a major step in advancing the company's renewable energy development activities in the country.
The transaction was announced on October 16, 2026, by Vlasceanu & Partners, the law firm that advised TDI Renewables throughout the financing process.
Raiffeisen Bank Supports 58 MWp Solar Development
Raiffeisen Bank International AG provided the financing package to support the development of the Iratosu solar facility, strengthening the project's financial foundation.
Vlasceanu & Partners handled the legal aspects of the transaction, including preparing and negotiating financing agreements and assisting the developer through financial close. The financing milestone represents further progress for TDI Renewables as it works to expand its solar energy portfolio in Romania.
Ameresco Sunel Energy to Build Iratosu Solar Farm
Earlier in 2026, TDI Renewables selected Ameresco Sunel Energy SA as the construction contractor for the 58 MWp project.
Ameresco Sunel Energy is a joint venture between US-based renewable energy company Ameresco Inc. and Greece's Sunel Group. The construction agreement and recently completed financing transaction represent two important steps in advancing the Iratosu solar project.
Strengthening Renewable Energy Investments Across Eastern Europe
TDI Renewables is involved in the development, construction, and operation of onshore renewable energy facilities, with activities spanning multiple markets in Central and Eastern Europe. The company is pursuing renewable energy opportunities in Romania, Poland, and Bulgaria as part of its wider regional expansion strategy.
The Iratosu solar development adds to the company's growing portfolio of renewable energy projects and reflects continued investment in solar power infrastructure in Romania. With project financing secured and a construction contractor already appointed, TDI Renewables has achieved two significant development milestones for the 58 MWp Iratosu solar facility.
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