Restart Energy has completed a solar power plant for Romtextil worth more than half a million euros

Restart Energy has completed the construction and installation of a photovoltaic power generation system for Romtextil S.A. worth more than half a million euro. The investment will pay for itself in about 3 years. The rooftop project has a total output of 807 kWp and was installed on the roof of Romtextil SA’s production unit in Constanta.

Restart Energy has installed 1,404 panels on an area of 6,480 sqm. The panels will produce 888 MWh of energy annually, which is about 12% of the company’s energy needs.

The solar power plant reduces the amount of CO2 emissions emitted into the atmosphere by about 293 tonnes per year and reduces radioactive waste disposed of by about 2.66 kg per year.

Carbon emission reductions through the implementation of solar energy projects will be monitored through the RED platform, implemented in 2021, a marketplace dedicated to carbon footprint calculation, carbon emission reduction through sustainability projects or carbon footprint offsetting. Green attributes, both those obtained for individual sustainable actions and carbon credits, can be sold internally through the RED platform marketplaces, through a technologised, transparent and secure process dedicated to reducing carbon emissions and improving ESG policies.

„The decision to consume green energy from nature’s own sources at lower cost is a simple one. Photovoltaic panels significantly reduce an industrial company’s production costs and bring added stability in an unstable economic climate”, says Aurica Cojocaru, Romtextil Administrator.

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„In the context of recent years, energy costs can make the difference between a profitable industrial business and one that is barely moving forward. Easy access to cheap and renewable sources of own energy is a precondition from which growth can start for local SME industrial customers but also for key account, big local and multinational customers. Our solutions, through our Solar, Cogeneration, Supply or Distribution Division, and the support we offer in choosing financing solutions are dedicated to optimizing the partner’s costs and making them independent, with predictability in their development plans”, says Armand Domuța, CEO & Founder Restart Energy.

Restart Energy provided the entire energy efficiency project for the beneficiary company, from consulting and design to implementation.

In January 2021, Restart Energy signed a partnership with the American fund Interlink Capital Strategies of Washington DC to finance the development of 500 MW of renewable projects in Romania by 2025, to supply 100% locally produced green energy to all end customers.

In February 2021, Restart Energy successfully launched the first convertible green bond issue in Romania to be listed on the Bucharest Stock Exchange with the code REO26.

Restart Energy is a leading energy company with mixed Romanian-American capital. With more than 15 years of expertise of the management team, Armand Domuța and Renato Doicaru founded Restart Energy in 2015, reaching today a portfolio of more than 120 renewable solar energy projects. Through the implemented EPC projects, the company offers its partners stability and predictability and facilitates their access to energy. Restart Energy has a major regional and local role to play in helping companies streamline costs and increase profitability through sustainable green energy projects.