The two projects are worth a combined RON15 million and have 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 2026.
In addition to the projects already secured, Simtel Italia is participating in tender procedures for photovoltaic projects with a combined 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 report reads.
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.
According to the report, “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 the Company’s specialists in Romania. Over the next 12 months, Simtel Italia plans to expand its local team by recruiting professionals with experience in the energy sector and to make the Milan office fully operational.
Simtel Italia operates in a favorable environment for investment in energy infrastructure and new generation and storage capacities. 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 developments support the growth prospects of the Italian market and create favorable conditions for the expansion of Simtel Italia’s activity.”
To strengthen its local implementation capacity, Simtel Italia has entered into a partnership with Renova RED S.p.A., an Italian company specialising 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, the Group 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.