DRI Energy

What DRI Energy does

DRI Energy (legal entity: DTEK Renewables International B.V.) is a privately held utility-scale renewable energy developer, financier, constructor, and operator headquartered in Amsterdam, Netherlands. Founded in 2021 as the European renewables arm of DTEK Group (Ukraine's largest private energy investor, part of SCM Group), DRI focuses on developing wind, solar photovoltaic, and battery energy storage system (BESS) projects across four priority markets: Croatia, Italy, Poland, and Romania. The company currently operates 4 projects totaling 299 MW of installed capacity (3 solar parks and 1 wind farm in Romania) and has 13 projects in development totaling 1,104.5 MW across Europe, supported by regional offices in Zagreb, Rome, Warsaw, and Bucharest.

The company's core technology stack comprises utility-scale solar PV projects, onshore wind farms, and battery storage systems utilizing the Fluence Smartstack platform for BESS assets. DRI's business model is built on long-term contracted revenue streams: Power Purchase Agreements (PPAs) with corporate off-takers such as OMV Petrom S.A. (the largest physical solar PPA signed in Romania for the Văcărești solar park), 17-year capacity market contracts in Poland for the Trzebinia BESS project commencing 2027, and multi-market revenue stacking from ancillary services and merchant energy market participation. Project financing is structured as non-recourse debt from international lenders including UniCredit, Garanti BBVA, Erste Bank Polska, and PKO Bank Polski, with credit guarantees from export credit agencies such as Poland's KUKE.

DRI goes to market through direct enterprise engagement with governments, national energy systems, utilities, and corporate energy buyers, supported by an international leadership team including country leads with 15-30 years of local renewable market experience. The customer base is concentrated in large industrial off-takers and grid operators, with Murat Cinar appointed as CEO in September 2025 to lead the next phase of growth. Notable strategic moves include the acquisition of a 112 MW Polish BESS project from Greenvolt, the DCH agrivoltaic partnership for 92 MWp in Italy, and approximately USD 200 million of project financing secured across the Văcărești solar and Trzebinia BESS assets in 2025-2026.

Name

DRI Energy

Legal name

DTEK Renewables International B.V.

Website

https://dri-energy.com/

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

DRI Energy develops, finances, constructs, and operates utility-scale solar, wind, and battery storage projects across Croatia, Italy, Poland, and Romania. The Amsterdam-based company is the European renewables arm of DTEK Group, operating 299 MW with 1,104.5 MW in development.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Commercial Structuring & Offtake (PPAs, CfDs, Corporate PPAs, Merchant Strategy) (EUAMAAAE)

akta.pro secondary industries

Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Utility-scale solar power
• Onshore wind farms
• Battery energy storage
• Renewable energy development
• Power purchase agreements

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D

Revenue model

1. Renewable Energy Generation: Revenue from operating utility-scale solar and wind farms generating clean electricity sold to grid operators, utilities, and corporate off-takers via Power Purchase Agreements (PPAs)
2. Capacity Market Contracts: Long-term capacity market contracts (e.g., 17-year contracts in Poland) providing stable contracted revenues for grid reliability services from battery storage assets, commencing 2027
3. Power Purchase Agreements (PPAs): Long-term electricity sales contracts with major energy buyers. For example, 50% of electricity from Văcărești solar park sold to OMV Petrom S.A. starting January 2027, representing the largest physical solar PPA signed in Romania to date
4. BESS Multi-market Revenue Stacking: Revenue from AI-based multi-market optimization across all relevant energy markets including ancillary services, balancing markets, and merchant participation for battery storage assets

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

DRI Energy develops, finances, constructs, and operates utility-scale renewable energy and battery storage projects across Europe. The company generates revenue by selling electricity produced from solar and wind assets through long-term Power Purchase Agreements (PPAs), capacity market contracts, and multi-market participation, while developing additional projects totaling 1,104.5 MW in its pipeline.

Product overview

DRI Energy is a renewable energy company that builds and operates utility-scale wind, solar, and battery storage projects across Europe. Founded in 2021 as the European arm of DTEK Group and headquartered in Amsterdam, DRI operates a portfolio of solar power plants (including Văcărești, Glodeni I, and Glodeni II in Romania), wind farms (including Ruginoasa in Romania and projects in Croatia), and battery energy storage systems (including the Trzebinia BESS in Poland). The company currently has 4 projects in operation with 299 MW installed capacity and 13 projects in development totaling 1,104.5 MW. DRI operates across four priority countries: Croatia, Italy, Poland, and Romania.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Plants Utility-scale photovoltaic (PV) projects that generate sustainable electricity from solar energy. DRI operates solar parks including Glodeni I, Glodeni II, and Văcărești in Romania, with additional projects in Italy and Croatia.
• Wind Power Projects Onshore wind farms that generate clean electricity by harnessing wind power. DRI operates the Ruginoasa wind farm (60 MW AC) in Romania and has wind projects in Croatia.
• Battery Energy Storage Systems (BESS) Utility-scale battery storage projects providing energy reliability and grid resilience. DRI is developing the Trzebinia BESS (133 MW / 448 MWh) and acquired a 112 MW project in Poland from Greenvolt.
• Văcărești Solar Park A 126 MWp solar park in Dâmbovița county, Romania, expected to supply approximately 50,000 households with clean electricity and avoid around 48,600 tonnes of CO2 emissions annually. 50% of output is sold to OMV Petrom S.A. under the largest physical solar PPA signed in Romania.
• Glodeni Solar Complex
• Ruginoasa Wind Farm A 60 MW AC onshore wind farm in Romania, the first wind project built in Romania in the last decade.
• Trzebinia BESS Project A 133 MW / 448 MWh battery energy storage system in Mysłachowice, Poland. The largest BESS project in Poland under a 17-year capacity market contract starting in 2027, using Fluence's Smartstack™ system.

Quantifiable outcome

• 299 MW of installed operational capacity in Romania
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• EntrixcoreTechnology or Integration · 22 June 2026DRI selected Entrix as optimization partner for its 133MW battery energy storage system (BESS) in Trzebinia, Poland. Entrix provides full-stack optimization and trading services with AI-based multi-market optimization across all relevant energy markets in Poland. The partnership includes bespoke support in certification processes for ancillary services and technical preparation for market participation. Entrix currently manages 1.5 GW of battery storage in Poland.
• FluencecoreTechnology or IntegrationDRI selected Fluence to deliver the Trzebinia BESS project using Fluence's Smartstack™ system. The advanced battery technology features passive cooling, insulated equipment, continuous monitoring and automatic protective mechanisms. The installation is compliant with strict international standards for fire, electrical, and cybersecurity.
• DCHcoreStrategic or Co-development PartnerDRI and DCH partnership for development of two agrivoltaic plants totaling 92MWp in Apulia and Molise, Italy. Combines agricultural production with solar energy generation.
• OMV Petrom S.A.coreGTM or Marketing PartnerLargest energy company in Southeast Europe, purchasing 50% of electricity produced by Văcărești solar park from January 2027 under the largest physical solar PPA signed in Romania to date. Provides long-term contracted revenue visibility.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Iberdrola: Global Spanish-headquartered utility with a major renewable energy generation footprint across Europe (including wind, solar, and BESS). Comparable as a broad incumbent IPP with overlapping utility-scale wind and solar generation across multiple European markets, though significantly larger and more diversified.
• Enel Green Power: Italian-headquartered global renewables arm of Enel Group, operating utility-scale wind, solar, and storage across Europe and the Americas. Highly comparable as a broad incumbent IPP with a strong CEE presence including in Italy and Eastern Europe, the same markets DRI targets.
• EDP Renováveis: Portuguese-headquartered global renewable energy developer and operator with a large European wind and solar portfolio. Comparable as a broad incumbent IPP focused on utility-scale renewable generation, with a comparable multi-country European footprint.
• RWE Renewables: German-headquartered global energy company with one of Europe's largest renewable generation portfolios including offshore/onshore wind, solar, and battery storage. Comparable as a broad incumbent IPP targeting European energy transition with overlapping wind/solar/BESS technology stack.

Direct peers

• Encavis AG: German IPP that acquires and operates utility-scale solar and wind farms across Europe, listed on the MDAX. Highly comparable as a pure-play European renewables IPP with similar scale, multi-country footprint, and contracted-revenue business model focused on utility-scale solar and wind.
• OX2: Swedish-headquartered pure-play European renewable energy developer focused on onshore and offshore wind and solar. Comparable as a focused European renewables developer/operator with similar utility-scale project development pipeline across multiple European markets.
• Eolus Vind: Swedish-headquartered renewable energy company specializing in onshore wind project development across Northern and Central Europe. Comparable as a focused utility-scale wind developer/operator with a similar project development-to-operation business model.
• Greenvolt Group: Portuguese-headquartered renewable energy developer with utility-scale wind, solar, and battery storage projects across Europe. Directly comparable — DRI acquired a 112MW BESS project in Poland from Greenvolt — as a focused European IPP with overlapping solar/wind/storage development pipeline.

Regional players

• CEZ Group: Czech-headquartered integrated utility with growing renewable generation across Central Europe including solar and wind. Comparable as a regional CEE incumbent IPP with overlapping operating geography and similar utility-scale renewable project pipeline.
• PGE Group: Poland's largest power producer with a growing renewable energy portfolio including wind, solar, and energy storage. Directly comparable as a regional incumbent IPP operating in Poland with overlapping BESS ambitions and similar exposure to the Polish capacity market regime underpinning DRI's Trzebinia project.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dri-energy
• Facebookfacebook.com/DRI-Energy-104657605632595

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DRI Energy