Simtel lands €34 million contract for energy storage

Business Forum

4 July, 2025 at 6:23 PM

Romanian public engineering company Simtel Team has announced the signing of a significant EPC contract with a subsidiary of MOGAN Bucharest, part of the Turkish GÜRİŞ group.

This contract, valued at RON 168.9 million (€34 million) — without VAT, represents over 10% of Simtel Team's total income based on their latest annual financial statements.

The agreement covers the supply of a Battery Energy Storage System (BESS) and the comprehensive design, construction, installation, commissioning, completion, and testing of the project, including the BESS installation, located in Severin County.

The project has a stipulated duration of nine months from the contract signing date, according to a notification submitted to the BVB.

Simtel lands €43 million photovoltaic and storage contract in Romania

Romanian engineering and green energy group Simtel Team has announced the signing of a significant contract valued at €43 million (excluding VAT) with Hepa Energy, owned by a lead company from Israel.

Energy

Simtel Team appoints new Group CFO to drive consolidation

Romanian engineering group Simtel Team has announced the appointment of Mihai Velicu as its new Group CFO.

Energy

Simtel Team signs solar park deal with Verbund

Romanian engineering group Simtel Team has announced the signing of a major contract with Verbund Wind Power Romania, a subsidiary of the Verbund Group.

Energy

Simtel prepares to launch multi-million bond sale program

Romania engineering group Simtel, specialized in the renewable energy field, plans to launch as early as next week its first corporate bond sale.

Energy

Simtel secures 10-year PPA for 736 GWh of electricity

Romanian engineering firm Simtel Team has announced the signing of a significant power purchase agreement (PPA).

Energy

MET Group buys ready-to-build PV project in Romania

Swiss energy player MET Group has purchased a ready-to-build (RTB) photovoltaic park in Răscăeți (Dâmbovița County), from Kraftfeld.

Energy

Allview to install €5.4 million solar plant in Reșița

Renewable EPC by Allview, the renewable energy division of Visual Fan, has signed a new contract for the design and execution of a photovoltaic park in Resița.