Restart Energy has completed two photovoltaic projects for Aquaserv, totaling more than €600,000

Restart Energy has completed constructing and installing two photovoltaic power plants for Aquaserv, for a total value of more than 600.000 euro. The beneficiary’s investment will be amortized in about 3 years. The projects have a combined capacity of 928 kW and were installed on the roof and ground in Tulcea.

The two photovoltaic plants consist of 1703 panels covering a total area of 11,332 square meters. The panels will produce a total of 1096 MWh of energy per year, meaning a reduction in energy costs of more than €210,000 per year for the beneficiary company.

Solar panels reduce the amount of CO2 emitted into the atmosphere by about 361 tons per year and radioactive waste by 3.4 kg per year.

The reduction of carbon emissions 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 reduction through sustainability projects or carbon footprint offsets. Green attributes, both those earned for individual sustainable actions and carbon credits, can be sold internally through the RED platform marketplaces, through a technologized, transparent and secure process dedicated to reducing carbon emissions and improving ESG policies.

„Investing in photovoltaic panels means a significant reduction in operational costs, especially for those companies that by the nature of their business are large energy consumers. We aim to expand our energy generation capacity, both for the immediate financial benefit and because we want to act responsibly towards the environment and support a green future”, says Valentin C. Ifrim, Aquaserv S.A. General Manager.

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

„Through sustainable energy projects, we provide essential support to our partners and clients in building an effective resilience strategy in a volatile business environment. Our mission is to reduce the costs associated with energy and bureaucracy so that our partners can enjoy the benefits of increased energy efficiency as well as the positive effects of decarbonization. Thus we contribute to the sustainable growth and development of their business”, says Armand Domuța, CEO & Founder Restart Energy.

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

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

In June 2024, the Restart Energy group signed a connection contract with Transelectrica worth RON 56 million for a 500 MW photovoltaic park, which will supply green energy to more than 200,000 households. The photovoltaic park will produce more than 800,000 MWh per year and will help reduce carbon emissions by around 400,000 tons per year, or 12 million tons of CO2 avoided, over the lifetime of the project, with environmental benefits worth more than $1 billion.