Bucharest, 12 March 2024 – Simtel Team (BVB: SMTL), a Romanian engineering and technology company listed on the AeRO mar-ket of the Bucharest Stock Exchange and a national leader in renewable energy, announces the signing of three contracts for the energy supply through GES Furnizare SRL (GES), an entity in which Simtel holds a 62% stake.
„We are thrilled that, in an extremely short period after obtaining the license from ANRE in January, we signed the first electricity supply contracts through GES. This confirms our continued commitment to innovation and excellence in the renewable energy sector. Our group focuses on delivering sustainable solutions and promoting Romania’s smooth transition to a green economy, reducing dependence on traditional energy sources. The success of signing these contracts underlines our determination to ac-tively contribute to changing the local energy landscape and play a key role in combating climate change. We will continue to work intensively to consolidate our position as a market leader and be a reliable partner for our existing and potential clients,” stated Mihai Tudor, CEO and executive member of Simtel’s Board of Directors.
Electricity supply contracts are signed for a standard period of 12 months with clients from various fields, such as plastics production, retail, and logistics space operation. During this interval, GES will supply energy in a total amount of approximately 30 GWh to the three clients.
„The signing of these contracts represents an important first step in developing GES, through which we aim to provide efficient renewable energy solutions. Also, through the group’s integrated services, we bring multiple benefits to our partners in their energy transition process,” stated Ionut Vasilica, CEO of GES.
In January of this year, GES obtained from ANRE the energy supply license, valid until 10.01.2029, this being a prerequisite to be able to sign electricity supply contracts. Thus, by obtaining this license, Simtel offers its clients a complete package of integrated services and products – building and installing photovoltaic power plants, maintenance, forecasting, and trading of energy production, monitoring, opti-mization, and remote control of consumption of energy and electricity supply.
In addition, at the beginning of March 2024, Simtel took a new step in the development of the group by completing an MA transaction, through which it fully acquired Oasis Green Energy 3, a project compa-ny developing a photovoltaic park in Salonta, Bihor County, with a planned installed capacity of 5.35 MWp DC (peak power at the panel level). With this transaction, Simtel owns six such parks in various stages of implementation – in Plesoiu, where the project’s first phase was completed in August 2023, Anina, Ianca, Giurgiu, Mangalia, and Salonta. At the time of completion of the works for all the projects, the parks will have a total installed power of approximately 75 MWp DC and generate an annual produc-tion of approximately 100 GWh.
Simtel Team is listed on the AeRO market of the Bucharest Stock Exchange as of July 2021. Accord-ing to the preliminary results for 2023, the company recorded a consolidated turnover of 295.6 million lei, a 112% increase compared to 2022, and a net profit of 27.4 million lei, a 115% increase compared to the previous year. EBITDA at the consolidated level in 2023 was 36.8 million lei, a 117% increase com-pared to 2022 and 17% higher than the 2023 revenue and expense budget assumed by the company.
About Simtel Team
Simtel Team is a Romanian company founded in 2010 by three Romanian entrepreneurs – Iulian Nedea, Sergiu Bazarciuc, and Radu Vilau. The company is listed on the AeRO market of the Bucharest Stock Exchange under the ticker symbol SMTL. It oper-ates in 3 fields of activity – as a solution integrator in telecommunications, renewable energy, and industrial automation. The com-pany has successfully delivered projects to clients in Romania and abroad in each area. As of October 2021, the company is included in the BVB’s BET-AeRO index.
