Simtel and VERBUND partner to build a photovoltaic park in Romania with an installed capacity of over 60 MWp

Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of the leading players in the renewable energy sector in Romania, announces the signing of a significant contract worth approximately EUR 19.1 million (excluding VAT) with VERBUND Wind Power Romania, part of the international VERBUND Group, one of the largest renewable energy producers in Europe. The contract covers the design, construction, and commissioning of a photovoltaic park with an installed capacity of 60 MWp, located in Casimcea, Tulcea County.

The works are scheduled to be carried out over an estimated period of 15 months, followed by a 36-month performance guarantee period. Simtel will provide the full range of services required under an EPC (Engineering, Procurement, Construction) contract, delivering a turnkey solar power plant that will complement the existing infrastructure and contribute to the hybridization of the CAS South 2 wind farm, operated by VERBUND Wind Power Romania in the same area.

VERBUND, Austria’s leading energy company and one of the largest producers of hydroelectricity in Europe has been operating a 226 MW wind park in Casimcea since 2012. The hybridization of the existing wind park is one of the most significant hybrid renewable projects currently underway in Romania and marks a key milestone in the country’s energy transition.

“With an existing operational wind energy capacity of 226 MW in Romania VERBUND has contributed significantly to the country's energy transition for many years. By now integrating a 60 MWp photovoltaic park we can perfectly complement our existing wind farm and create Romania’s first hybrid renewable power park. We are delighted that Simtel will be our EPC partner in this project,” stated Adrian Borotea, Managing Director, VERBUND Wind Power Romania, the Romanian subsidiary of the VERBUND Group.

"We are honored to contribute to a project of this scale, which brings together two major renewable energy sources – wind and solar – within the same operational platform. We also thank the VERBUND team for choosing Simtel as their partner for the implementation of their first photovoltaic investment in Romania. This represents a strong validation of our technical capabilities and the experience we have gained in building utility-scale solar power plants. At the same time, this project reflects the growing trend of integrating multiple renewable sources into a hybrid production model that is more efficient and flexible. Hybridization involves combining renewable generation technologies into a single infrastructure, with the aim of increasing the stability and predictability of output. Solar energy complements wind power particularly well during low-wind periods, optimizing both grid usage and the overall return on investment. We believe this model will become increasingly common in Romania, and the Casimcea development is an early and compelling example of that trend," stated Mihai Tudor, CEO of Simtel Team.

Over the past five years, Simtel has designed and commissioned over 500 MWp of photovoltaic capacity for clients across various industries.

Currently, the photovoltaic parks for which Simtel provides operation and maintenance (O&M) services amount to more than 450 MWp of installed capacity, spanning 412 solar plants and involving over 5,000 service interventions annually.

About Simtel

Simtel is a technology, engineering, and innovation group with Romanian roots, international presence, and a global vision. The group provides companies and organizations with comprehensive solutions and integrated ecosystems, covering the entire process from consultancy, authorization, design, engineering, and construction to maintenance, operation, measurement, control, and energy supply. Simtel’s 360° expertise spans photovoltaic power plants, telecommunications, energy storage systems, as well as software platform development and robotic process automation, aiming to optimize resources and enhance efficiency. Simtel Team is listed on the Main Market of the Bucharest Stock Exchange under the ticker symbol SMTL. www.simtel.ro