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Advanced Solar Tracking Project to Support Greece’s Renewable Energy Goals While Enhancing Energy Security and Efficiency
FRAMINGHAM, MA and KOZANI, GR – April 14, 2026 – Ameresco, Inc., (NYSE: AMRC), a leading energy infrastructure solutions provider, together with its joint venture partner Sunel Group, today announced the launch of an 83 MW solar installation in Kozani, Greece. The large-scale renewable energy project is set to significantly enhance the region’s energy resiliency while supporting Greece’s transition toward a decarbonized future.
Ameresco SUNEL Energy SA was awarded with an Engineering Procurement and Construction contract (EPC) by Luxcara, a leading German energy infrastructure asset manager, holding the majority stake of the project. The Kozani solar project is designed to ensure high-efficiency energy generation while delivering long-term environmental and financial benefits. Nearly 130,000 photovoltaic modules will be installed on a one-axis tracking system to optimize energy yield. By tracking the position of the sun throughout the day, tracker-mounted PV modules can optimize energy capture and maximize efficiency. The EPC also includes Medium Voltage (MV) grid connection and an extension of the 400/33 kV High Voltage (HV) substation, reinforcing the region’s grid reliability and energy distribution capabilities. Construction works are already underway.
“Greece is one of the sunniest countries in Europe, making it an ideal location for solar energy projects that can drive both national and regional sustainability goals,” said Pete Christakis, Chief Operating Officer at Ameresco. “By leveraging advanced solar tracking technology in a region rich in sunlight, the Kozani project is set to play a significant role in fortifying Greece’s renewable energy infrastructure and supporting Europe’s broader green energy transition.”
“Projects like this reflect the growing maturity of the Greek renewable energy market, where scale, structure, and long-term stability are becoming increasingly important. As Ameresco SUNEL Energy, we are focused on supporting this shift by delivering projects that meet the evolving expectations of international investors,” said Konstantinos Zygouras, Vice President of Ameresco SUNEL.
“Ameresco SUNEL Energy SA has been a trusted partner in advancing our solar investment in Greece,” said Lorenz Hahn, Investment Manager at Luxcara. “This project shows how well‑targeted solar investments can support economic development while strengthening Greece’s clean energy infrastructure. By unlocking the region’s strong solar potential, we are helping build a more resilient, domestically powered energy future.”
To learn more about solar power solutions offered by Ameresco, visit https://www.ameresco.com/solution-solar-power/
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering energy infrastructure solutions to Federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit www.ameresco.com.
About SUNEL Group
SUNEL Group is a leading provider of integrated and innovative solutions for renewable energy projects, specializing in Solar PV, Battery Energy Storage Systems (BESS), and energy efficiency. Headquartered in Athens, the company operates regional offices in London, Valencia, Milan, Bucharest and Tashkent, with a total workforce of over 400 employees, including highly experienced engineers. Since its establishment in 2006, SUNEL has successfully developed, designed, and executed more than 2 GW of solar projects worldwide. Currently, the company is executing 2+ GW of solar projects across Greece, the UK, Spain, Italy, Romania and Uzbekistan. For more information, visit www.sunelgroup.com.
About Luxcara
Luxcara is an independent asset manager offering equity and debt investment opportunities to international investors in the global energy-transition infrastructure market. The Hamburg-based company acquires, structures, finances and operates energy projects with a long-term buy-build-operate approach. Luxcara’s portfolio includes investments across several European countries and comprises wind and solar PV assets, battery storage systems, charging stations for electric vehicles, and electrolyzers for the production of green hydrogen. With a track record dating back to 2009 and a team of more than 80 energy specialists, Luxcara ranks among Europe’s most experienced asset managers in energy transition infrastructure.
The announcement of a customer project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total project backlog. This project was included in Ameresco’s previously reported contracted backlog as of December 31, 2025.
What solar energy project did Ameresco announce in Kozani, Greece with SUNEL Energy SA and Luxcara?
Ameresco announced that Ameresco SUNEL Energy SA will deliver an 83 MW solar installation in Kozani, Greece under an Engineering, Procurement, and Construction (EPC) contract with Luxcara. The project deploys nearly 130,000 photovoltaic modules to strengthen energy resiliency and support Greece’s transition toward a decarbonized energy system.
How will the Ameresco Kozani, Greece solar project benefit regional energy infrastructure and the local economy?
Ameresco is delivering a large-scale solar installation in Kozani that enhances energy resiliency and strengthens regional grid infrastructure. The project supports Greece’s renewable energy goals while contributing to economic development and reinforcing long-term investment in clean energy infrastructure, as highlighted by project stakeholder Luxcara.
How will energy users benefit from Ameresco’s Kozani, Greece 83 MW solar installation?
Ameresco is advancing a solar project in Kozani that increases reliable renewable energy generation and enhances grid stability. By strengthening energy distribution infrastructure and supporting domestic solar capacity, the project contributes to a more resilient and efficient regional energy system.
What solar technologies is Ameresco deploying in the Kozani, Greece 83 MW solar project?
Ameresco is deploying nearly 130,000 photovoltaic modules mounted on a one-axis solar tracking system in Kozani, Greece. The EPC scope includes medium voltage grid connection and expansion of a 400/33 kV high voltage substation to improve energy distribution and grid reliability.
What is one-axis solar tracking technology used by Ameresco in Kozani, Greece?
Ameresco uses one-axis solar tracking technology that enables photovoltaic modules to follow the sun’s position throughout the day. This approach optimizes energy capture and maximizes efficiency, supporting higher energy yield from the Kozani solar installation.
How does the Ameresco Kozani solar project improve grid reliability and energy distribution in Greece?
Ameresco is enhancing grid reliability in Kozani through medium voltage grid connection and expansion of a 400/33 kV high voltage substation. These upgrades strengthen energy distribution capabilities and support efficient integration of solar-generated electricity into the regional grid.
How does the Ameresco Kozani solar project support decarbonization and renewable energy goals in Greece and Europe?
Ameresco is advancing Greece’s transition toward a decarbonized energy system through an 83 MW solar installation in Kozani. By leveraging advanced solar tracking technology in a high-sunlight region, the project supports national renewable energy targets and contributes to Europe’s broader clean energy transition.
Why is Kozani, Greece an important location for Ameresco’s solar energy development?
Ameresco identified Kozani as a strategic location due to Greece’s strong solar potential and role in expanding renewable energy infrastructure. The region’s high sunlight levels make it well-suited for advanced solar tracking systems that maximize efficiency and support long-term energy resiliency.
