Romania's largest solar park, built on a plot of degraded land, of an installed capacity of 52 MWp and an estimated annual production of approximately 73 GWh has been commissioned in Giurgiu County, according to the project developer.The project was completed in Q4 2025 and was developed entirely by the company, from land acquisition through commissioning.The plot of land on which the photovoltaic park is located was acquired by the company in October 2021 and covers more than 83 hectares, including a lake of approximately 16 hectares, formerly an industrial ash pit."The area has been fully rehabilitated and transformed from an abandoned industrial site into a modern solar park, representing one of the most extensive green industrial reconversion projects in southern Romania. Today, the project also generates additional environmental benefits through the regeneration of spontaneous vegetation and the revitalization of local ecosystems, with the lake becoming a habitat for swans and various fish species," the company said in a press statement released on Thursday.The project was conducted on a grant of approximately RON 60.6 million under the National Recovery and Resilience Plan (PNRR), linked to a bridge loan from Banca Transilvania in the same amount, which will be repaid once the European funds are disbursed. At the same time, the company got a 16-million-euro investment loan and secured the required equity contribution for implementing the project, ensuring full financing through a combination of European funds, bank financing, and own capital."The site currently hosts over 85,000 photovoltaic panels, and the system is operated by 170 smart inverters. The energy is delivered to the National Energy Grid through six transformer stations and a newly built electrical substation. The energy generated will be delivered to the grid and sold under a 10-year Power Purchase Agreement (PPA) signed between the company and G-Energy Solutions, a company 62% owned by the group. Over the duration of the contract, the company will supply a total of approximately 736 GWh, which will be delivered to G-Energy Solutions' end customers. The estimated annual production of 73 GWh is sufficient to cover the consumption of more than 27,000 households and help curb annual emissions by over 20,000 tonnes of carbon dioxide."Currently, the company has nine proprietary photovoltaic parks in its portfolio, in various stages of development and construction, with a total installed capacity of approximately 153 MWp and an estimated annual production of over 200 GWh. Of these, four projects - Plesoiu (phases 1 and 2), Iacobeni, Salonta, and Giurgiu - have already been completed, while another four - Anina, Ianca, Mangalia, and Movilita - are at different development stages and will be finalized gradually by the end of 2026.In addition, Simtel is preparing the development of the Bughea park in Arges County, of a capacity of 70 MWp, which, upon commissioning estimated for the second quarter of 2027, will become the largest proprietary project developed by the company.According to data with the Bucharest Stock Exchange (BVB), Simtel Team S.A. is a Romanian company established in 2010 by entrepreneurs Iulian Nedea, Sergiu Bazarciuc and Radu Vilau.The company is listed on the local capital market under the symbol SMTL and operates in three business areas: renewable energy, telecommunications and automation. (Photo:https://simtel.ro/)
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
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The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
