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.
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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.
About VERBUND
VERBUND is Austria’s leading energy company and one of the largest producers of hydroelectricity in Europe. The Group generates around 96 % of its electricity from renewable energy, primarily from hydropower. VERBUND trades electricity in 12 countries and generated around € 1,875m group result and € 3.4800m in EBITDA in 2024 with approximately 4,100 employees. With its subsidiaries and partners, VERBUND is active in the generation of electricity, transmission and in international trading and sales. VERBUND has been quoted on the Vienna Stock Exchange since 1988 with 51% of the share capital being held by the Republic of Austria.
VERBUND is the decisive player for the success of the energy transition in Austria. The challenges that lie ahead require a new company spirit, which VERBUND is driving forward with its Mission V. The Mission V is a long-term and comprehensive transformation program and stands for the will to confront the climate crisis as a force for change. This program is based on the VERBUND Strategy 2030 with its three main pillars: Strengthening the integrated home market, expanding renewable energies in Europe and becoming a European hydrogen player. With Mission V, VERBUND is accelerating the achievement of the strategic goals 2030 and ensuring their implementation .
