“The contract covers the design, construction, and commissioning of a photovoltaic park with an installed capacity of 60.207 MWp, located in Casimcea, Tulcea County”, the report reads.
The works are scheduled to be carried out over an estimated period of 15 months, followed by a 36-month performance guarantee period. The Company 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.
At Casimcea, 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.
“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,” the report also shows.
Simtel reported consolidated operating revenues of RON79.9 million for the first quarter (Q1) of 2025, up 70% compared to the same period of 2024. Consolidated gross result amounted to RON6.7 million in January-March 2025, up 20% from the year-earlier period, while the consolidated net profit reached RON5.4 million, an advance of 14% compared to the first three months of 2024. This evolution reflects the performance of GES Furnizare SRL, confirming the strategy of diversifying business lines through the integration of electricity supply activities, as per the company’s financial report for Q1/2025.
The company’s shareholding structure includes founders Iulian Nedea, with an ownership stake of 21.3%, Sergiu Bazarciuc (21.1%) and Radu Vilau (21.08%). SMTL shares have traded 41% higher so far in 2025, triggering a market capitalization of RON455 million.