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 Romania’s renewable energy sector, announces the signing of the first two projects by Simtel Italia, the subsidiary opened by the Group in Milan in June 2026. The two projects have a cumulative value of approximately RON 15 million and a total installed capacity of over 15 MWp.
The projects are located in the Abruzzo and Emilia-Romagna regions and involve the provision of light EPC services for an independent renewable energy producer (Independent Power Producer – IPP) controlled by a US infrastructure investment fund. Works commenced in August 2026 and are expected to be completed by the end of the year.
In addition to the projects already secured, Simtel Italia is participating in tender procedures for photovoltaic projects with a cumulative capacity of approximately 300 MWp and battery energy storage systems (BESS) totaling approximately 90 MWh. The current pipeline supports the company’s objective of securing projects with a total capacity of more than 200 MWp by the end of 2026, to be implemented in stages over the following period.
“The first projects secured by Simtel Italia validate the assumptions underlying our decision to enter this market and reflect the Group’s ability to translate international expansion into concrete commercial activity. Italy provides us with access to a sizeable market, with a significant need for new generation and storage capacities and an investment framework conducive to long-term development. The pipeline built within a short period of time, the profile of our first client and the scale of the projects currently under tender reinforce our confidence in the subsidiary’s potential to make a meaningful contribution to the Group’s revenues and profitability ,” stated Mihai Tudor, CEO of Simtel Group.
Based on the projects secured and the commercial opportunities currently at various stages of the tendering process, Simtel Italia’s management estimates revenues of approximately RON 40 million for 2026. For 2027, the company aims to significantly accelerate its activity and achieve revenues of up to approximately RON 250 million, while maintaining the financial objectives established when the subsidiary was launched.
Simtel Italia’s development is based on an integrated operating model that combines a local presence and knowledge of the market with the Group’s technical expertise and execution capabilities. The team in Italy currently consists primarily of project managers responsible for coordinating and monitoring construction sites, while tendering, engineering and procurement activities are supported by Simtel’s specialists in Romania. Over the next 12 months, the company plans to expand its local team by recruiting professionals with experience in the energy sector and to make the Milan office fully operational.
“Our experience during the first few months confirms that Italy represents one of Europe’s most significant opportunities for renewable energy investment. The plan of national transmission system operator Terna envisages investments of approximately EUR 23 billion by 2030 for the development and modernization of the electricity grid, while the definitive FER-X mechanism aims to support up to 37.15 GW of new renewable energy generation capacity. These programmes, together with the concrete interest we are seeing in the projects currently under tender, point to a significant acceleration in investments in photovoltaic capacity and storage systems over the coming years, including with a view to the 2030-2034 period. For Simtel Italia, this development creates the conditions for building an operation of significant scale and developing long-term relationships with investors active in the Italian market ,” stated Guglielmo Martino, CEO of Simtel Italia.
To strengthen its local implementation capacity, Simtel Italia has entered into a partnership with Renova RED S.p.A., an Italian company specializing in engineering and construction for civil infrastructure, under a Raggruppamento Temporaneo di Imprese (RTI) temporary consortium structure. The partnership supports Simtel Italia in managing local occupational health and safety requirements, as well as in coordinating project-related logistics activities.
In the medium term, Simtel is also considering the possibility of developing an integrated technical and financial model in Italy through special-purpose vehicles and in partnership with investment funds. Such a model could bring together renewable energy generation, storage capacities and the supply of energy with a consistent delivery profile to large consumers, including operators of data centers dedicated to artificial intelligence (AI) applications. The initiative would extend the Group’s role beyond traditional EPC services and leverage its experience in developing and integrating comprehensive energy solutions.
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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.
