ROMANIA: Partnership between Simtel and Monsson for the development of 120 MWp photovoltaic projects and the development of 120 MWh storage solutions
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Simtel, the Romanian engineering group, and Monsson, the largest developer of renewable energy projects in Romania and Southeast Europe, announce the signing of a strategic partnership aimed at the development, construction and sale of photovoltaic and/or mixed projects with a capacity total installed capacity of approximately 150 MWp.
In addition, according to a press release from Simtel, the partnership also aims to develop electricity storage solutions with a capacity of up to 120 MWh.
To carry out these projects, the two companies intend to use their own financial resources, bank financing, but also other sources of financing, such as green bonds and European funds.
“The partnership between Simtel and Monsson marks a significant step towards accelerating the transition to green energy at the national level. Together, we will combine our extensive resources and knowledge to deliver projects that will help reduce carbon emissions and increase Romania’s energy independence. This partnership complements the strategy defined by us for the period 2025-2030, in which we undertook to implement 500 MWp of green energy production capacity and expand the energy storage infrastructure by 300 MWh”, said Ana Nedea, Director of Strategy and Business Development, Simtel.
Simtel and Monsson will develop renewable energy projects using an integrated model that covers the entire project life cycle – from planning and development, to construction, sale and, in exceptional cases, long-term operation. This integrated approach allows the two companies to ensure efficiency, reliability and innovation within each individual project.
“Monsson has developed and invested in innovative electrical energy storage solutions for large systems that bring stability to the national energy system and added value to energy investments. The patented PRIME battery water cooling solutions and the high-performance software perfectly adapted to the Romanian market will help the projects in which they are implemented to produce renewable energy in the lane. Considering that the solution contains more than 95% components produced in Europe, we are sure that we can create added value for partner companies as well. We are sure that the partnership with Simtel will develop in the future and we will be able to extend this cooperation to other energy areas as well”, said Sebastian Enache, Head of M&A of Monsson.
The portfolio of projects that the two companies pursue through this partnership can be carried out both fully and in separate phases, depending on market requirements and development opportunities. This approach will allow them to respond quickly to changes in the energy sector and adjust technical solutions according to new challenges.
The partnership will explore energy storage options to support the balancing and efficiency of electricity grids, thus meeting the growing demands for energy stability and security at national level.
“Simtel and Monsson will support, through the implementation of renewable energy projects, the national objectives of reducing carbon emissions, in accordance with Romania’s commitments to the European Union and international environmental agreements,” the statement added.
Simtel is a technology, engineering and innovation group with Romanian origins and an international presence. The group provides companies and organizations with complete solutions and integrated ecosystems, from consulting, permitting, design, engineering and construction, to maintenance, operation, measurement, control and energy supply.
Present for over 20 years in the renewable energy market in Romania, Monsson has become the main supplier of renewable electricity through a portfolio of over 5GW of wind and photovoltaic projects. In the last 2 years, Monsson has complemented its activity with the development of electricity storage solutions and offers investors turnkey solutions for the production of electricity from renewable sources in the strip through mixed projects that also include water-cooled storage solutions and European components. The company provides turnkey services for the construction and operation of these systems.
