Enexus, a company active in the development, construction and operation of renewable energy projects, closed 2025 with revenue of 50.7 million euros, a net profit of 15.7 million euros, EBITDA of 18.3 million euros and a profit margin of 30%.
By the end of 2025, Enexus had a total of 15 completed photovoltaic parks and maintained a 100% delivery rate for contracted projects.
“Renewable energy has entered a stage where it matters who builds the MW and which EPC partner stands behind them. In recent years, we have seen a growing number of investors looking for partners capable of turning opportunities into operational, grid-connected and profitable assets. For us, 2025 was the year in which we actively promoted energy investment dialogue, bringing Romania to the attention of international investors and anchoring serious capital into high-quality projects,” said Mesut Güler, CEO Enexus.
The company attracts international capital, particularly from Türkiye and Central Europe, and transforms it into bankable and executable projects in the Romanian market. Most investors who developed an initial project with Enexus subsequently returned to expand their portfolios with larger energy projects or investments in other high-potential sectors.
In 2025, the company’s team grew from 20 to more than 50 specialists, while EPC activities remained the primary revenue driver, complemented by engineering, procurement, operations and asset management services.
Last year also marked the expansion of Enexus’ energy investment dialogue initiatives through BESCA (The Black Sea Energy Cooperation Association) and regional investor-focused events.
Enexus enters 2026 with the largest portfolio in its history. Currently, 210 MW are under active construction across Romania, while the company has secured an additional 195 MW pipeline with an estimated value of approximately 150 million euros.
“The results achieved in 2025 demonstrate that Enexus reached a new level of commercial, financial and operational maturity. We managed a significantly larger project portfolio, expanded our team and invested in internal processes and systems without compromising financial performance. This provides a solid foundation for our next phase of growth, as we expand beyond EPC into grid integration infrastructure, energy storage and proprietary investments. For us, sustainable growth means transforming today’s opportunities into high-performing, profitable assets for both Enexus and our investors over the long term,” said Iulia Meiroșu, CFO Enexus.
In 2026, the company is expanding its business model beyond traditional EPC activities through three strategic directions.
The first direction is the development of in-house capabilities in grid infrastructure and HV/MV substations. As the market enters a phase where system integration becomes as important as installing new capacity, Enexus is investing in the design and delivery of grid connection infrastructure as an integrated component of EPC contracts.
The second strategic direction is the development of utility-scale projects ranging from 20 MW to 100 MW with integrated storage. All projects contracted for 2026 already include BESS systems, either from the outset or as part of a subsequent development phase. For investors, storage is becoming a critical component of bankability, revenue optimization and long-term asset performance.
The third strategic direction is Enexus’ entry into the role of investor. The company currently has several projects at various stages of development in which it will hold direct equity stakes, either independently or through joint ventures, extending its integrated model from development and construction into ownership and value creation through proprietary assets.
“In the first stage of the market, the winners were those who could build. In the next stage, the winners will be those who think in systems. Today, we look at energy through the lens of grid integration, storage, flexibility and long-term asset performance. This is why Enexus is evolving alongside the market. We continue to develop and build projects for investors, while also starting to build our own portfolio of assets. At the same time, we are investing in processes, digitalization and technical expertise, because the future belongs to companies capable of delivering functional and profitable energy infrastructure,” said Alina Ștefan, Chief Commercial Officer Enexus.