Romanian tech company Visual Fan (BVB: ALW), a developer of consumer goods (mobile phones primarily), goods that expanded various business lines, including EV imports and renewable energy projects development, announced that it signed a EUR 16.6 million contract for developing a power storage unit for Eurowind Energy.<\/p>\n
The company’s shares rose by 3.5% on July 29 after the announcement, bringing the company’s market capitalization to RON 129 million (EUR 25.4 million). The company’s shares rose by almost 30% y\/y, and it is also paying out a dividend out of the 2024 profit, resulting in a 3.13% dividend yield.<\/p>\n
Visual Fan is 82.2% controlled by the company’s founder, Florentin-Lucian Peticil\u0103.<\/p>\n
Eurowind is developing three wind farms in Romania with a combined capacity of 138 MWh and a 220 MWp PV farm.<\/p>\n
The contract was signed with the company Teiu\u0219 Solar, a member of the Eurowind Energy group, for a storage capacity of at least 116.96 MWh, which makes it one of the largest projects of this type in Romania. The project should be completed within 12 months.\u00a0<\/p>\n
The project is supported by the Ministry of Energy, through non-reimbursable funds from the National Recovery and Resilience Plan (PNRR), Component C6 \u2013 Energy, sub-measure “Supporting investments in new electricity storage capacities (batteries)”.<\/p>\n
The company notes that the projects contracted in the first half of this year contribute decisively to achieving the financial objectives planned for the period 2025-2026, confirming the realism of Visual Fan’s strategy and the company’s ability to scale rapidly in a market in full transformation.<\/p>\n
The Allview Energy division has become a central pillar of the business, currently attracting strategic projects in the field of green energy.<\/p>\n