"Our development strategy aims at the sustainability aspect of each of the functions we create in Sema Parc, and this is reflected in the way we develop all our projects: designed around the needs of the community, aligned with real estate standards and current market requirements. The investment we are announcing today is a natural step in ensuring the health, well-being and meeting the needs of residents in the Sema Parc community through environmentally friendly measures in terms of energy and water consumption, pollution, access to public transport or land use." - says Liviu Birău, General Manager of River Development.

The project consists of an integrated system of 3 photovoltaic sub-power plants. They inject into the system the energy generated by approx. 3,000 solar panels with a total installed capacity of 1.2 MW. The resulting system will reduce CO2 emissions by more than 900 tonnes of CO2 per year.

"The implementation of this investment project for the installation of photovoltaic power plants in Sema Parc will result in the partial supply of electricity to the Berlin, Paris and Brussels buildings, almost 38,000 sqm (GLA), from a "green", renewable and non-polluting source such as solar energy. We expect to be fully operational in May 2023." - says Lucian Grosaru, General Manager of Sema Parc SA, Sema Parc's facility & property management company.

The project is carried out in partnership with SIMTEL Team, one of the companies with the most extensive expertise in the field of design, equipment supply and installation of photovoltaic power plants, pioneer and leader in the implementation of photovoltaic power plants on industrial roofs in Romania. SIMTEL will also perform corrective and preventive maintenance for these and related equipment.

"We are delighted to work with the community administration of Sema Parc, the place where we have our offices. We are glad to have the opportunity to support the developer River Development, in its journey towards energy efficiency through the construction of photovoltaic power plants, and to contribute to its sustainability goals. Through this project we have the opportunity to come up with the best solutions to increase energy efficiency, optimize costs and increase benefits for Sema Parc’s tenants who, like us, operate in this business community." - says Iulian Nedea, CEO of SIMTEL Team.

The materials and equipment to be used are purchased from leading manufacturers: inverters from FIMER/ABB and SEMA, both leaders in Europe, and switchboard accessories from ABB. The almost 3,000 solar panels to be installed on the terraces of the Paris and Bruxelles office buildings in Sema Parc are produced by Longi Solar, a company that is consistently in the top 3 manufacturers worldwide. The structure on which the panels are mounted comes from K2 Systems, Europe's undisputed leader in this field.

In addition to this investment project, 5 new electric vehicle charging stations have been put into use in Sema Parc since November, in above-ground parking spaces adjacent to the Paris, Bruxelles and Berlin buildings. London and Oslo, also in the immediate vicinity, are also equipped with 17 electric vehicle charging stations in the underground car park shared by the two buildings.

River Development is a real estate investor and developer with Romanian capital, active for over 18 years on the local market, with extensive experience in planning, development and management of large-scale real estate projects, developing two of the major urban redevelopment projects of the capital: Sema Parc - located on Splaiul Independentei - approx. 1.000.000 sqm GBA and The Light - located on Iuliu Maniu Boulevard, ca. 150.000 sqm GBA. Both are located in the central-western area of the capital and are in different stages of development.

River Develoment has over 150,000 sqm of office space in its portfolio and has delivered over 38,000 sqm of new class A buildings in the last three years, as part of the Sema Parc project, through its three class A buildings - Brussels, Paris and Berlin. The London and Oslo buildings are the newest buildings to have been approved and taken delivery of, adding in the second quarter of this year another approx. 31,500 sqm (GLA) of Class A office space in the central-west area of the city.

As part of its second portfolio project - The Light, River Development has already delivered the first phase - The Light One, a Class A office building with a leasable area of 21,653 sqm and is in the process of approval and permitting of the second building - The Light Two, also Class A and with a leasable area of 28,589 sqm, with a completion and delivery date of Q4 2024.

All Class A office buildings are certified to Breeam standards for green and energy efficient buildings, with an Excellent rating. www.riverdevelopment.ro; www.semaparc.ro; www.the-light.ro

Simtel Team is a Romanian company, founded in 2010 by three Romanian entrepreneurs - Iulian Nedea, Sergiu Bazarciuc and Radu Vilău. The company is listed on the AeRO market of the Bucharest Stock Exchange under the ticker symbol SMTL and operates in 3 business areas - telecommunications, renewable energy and industrial automation. Simtel specialises in providing services for mobile telecommunications operators, building and providing maintenance of photovoltaic power plants, as well as industrial process automation. The company has successfully delivered projects in each of these areas to clients both in Romania and abroad. As of October 2021, the company is included in the BET-AeRO index of the BVB. www.simtel.ro