TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The project is located in Arad county and is part of a broader development programme that also includes battery storage capacity. The financing is described as supporting construction of the solar plant, while the battery is planned as a later addition. The inclusion of storage in the development does not indicate that the newly announced financing covers the installation of the battery system.
Battery system planned for later phase at Iratoșu
The Iratoșu project is planned to accommodate an 88 MWh battery system in a subsequent phase. The battery would allow electricity produced by the solar plant to be stored and supplied at a different time. This would expand operating options beyond immediate delivery of solar output. The battery remains a planned addition rather than part of the initial construction scope supported by the announced financing.
Contractor appointed for engineering, procurement and construction
Construction of Iratoșu will be carried out by Ameresco Sunel Energy, which was appointed as engineering, procurement and construction contractor in July. The contract includes engineering, equipment procurement, installation and commissioning. Responsibilities also extend into the plant’s operational phase . The project’s delivery schedule for the solar component is supported by the financing secured from Raiffeisen Bank International.
TDI portfolio targets and regional development partnership
London-based TDI entered the Romanian market in 2023. The company has set a target of approximately 1 GW of solar and wind capacity alongside 2,200 MWh of battery storage. These figures are described as representing the developer’s intended portfolio expansion . TDI’s wider expansion across Central and Eastern Europe is supported by a strategic partnership with Israeli investment fund Helios Energy Investments.
The cooperation was established in 2024 and initially focused on renewable energy opportunities in markets including Romania, Poland and Bulgaria. It provides financial backing for project development within those markets . Completing Iratoșu would advance TDI’s Romanian generation portfolio, while the later storage addition would expand its ability to manage when electricity reaches the market.
