“The first project will be connected this month, a smaller photovoltaic park, somewhere in Plesoiu, Olt county”.
Simtel previously announced it had a EUR100 million plan via which it wants to reach energy production capacities of 100 MW. Thus, after several years of installing projects for other clients, the company is tackling the energy production segment.
Simtel is listed on the AeRO market of the Bucharest Stock Exchange, where it has an over RON245 million capitalization and toward yearend is readying its transfer to the main market of the local bourse.
Turnover amounted to RON137 million in 2022, amid RON12 million net profit and the company aims for RON296.1 million in 2023 and RON25.6 million net profit. Simtel has more than 100 employees.
(English version by Catalina Apostoiu)