The Plesoiu project is divided into two phases, the first of which has been completed, with an installed power of 0.988 MWp, obtained from 2,244 photovoltaic panels. The second phase will have an installed capacity of 0.712 MWp, generated by 1,320 photovoltaic panels.
The procedures for obtaining the necessary authorizations are underway for the latter, with an estimated completion date in the first half of 2024.
Upon completion of the entire project, the Company will operate a photovoltaic park with a total installed power of 1.7 MWp.
The electricity produced will be sold through direct contracts with the Company’s beneficiaries or OPCOM (Romanian Electricity and Gas Market Operator).
The project’s first year of operation phase I will generate 1,372.38 MWh, while the full completion of the photovoltaic power plant will generate 2,603.78 MWh in the first year of operation.
The first phase of the Plesoiu project was financed from the Company’s own sources. Currently, the Company is in the negotiation process with multiple banks for the refinancing of the first phase of the project and also the financing of the second phase.
Simtel currently has a market capitalization of around RON301 million.
(English version by Catalina Apostoiu)