Restart Energy announces the completion of a new photovoltaic panel system worth over € 630,000 for Rekord SRL

Restart Energy, a leading energy transition services company, announces the completion of a new photovoltaic panel system, worth over 630,000 euros for Rekord SRL.

The project consists in the installation of 1,776 panels on an area of 8,000 sqm with a power of 800 kWp.

The solar project installed on the roof of the production plant in Alba County covers about 80% of the company’s energy consumption.

The investment of more than €630,000 will pay for itself in less than 4 years.

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The solar panels will produce 21,250 MWh in 25 years, meaning a reduction in energy costs of over €3.4 million and a reduction in CO2 emissions of 267 tonnes and radioactive waste of 2.6 kg.

Recently, Restart Energy signed a new contract with Rekord company for a new photovoltaic panel project to be installed on the roof of the Rekord plant in Teiuș, Alba County. The 654 panels, with a power of 300 kWp, represent an investment of over 200,000 euros to be amortized in about 2 and a half years. The company will thus cover 80% of its own energy consumption.

“We decided to produce green energy for our own consumption because it is more advantageous from a financial point of view and because we want to act responsibly towards the environment. We are very satisfied with the first project we developed with Restart Energy, with the way our collaboration went and that’s why we recently signed a new contract for a new photovoltaic panel system for the production unit in Teiuș,” says Fabio Vettoretto, Rekord company representative.

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“Photovoltaic systems are a convenient and safe solution. In fact, photovoltaic systems are so competitive that the cost of producing solar energy for a new plant that also needs amortization is twice as low as the cost of producing a coal plant already amortized”, says Armand Domuța, General Manager Restart Energy

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.

In September 2021, after 4 years of development, Restart Energy launched another globally unique project, a platform based on proprietary technology for blockchain certification of both carbon footprint and carbon dioxide avoided to be released into the atmosphere, as well as direct trading between participants of environmental and renewable energy attributes, www.redplatform.com.

Every time someone plants a tree, cleans a beach, consumes green energy or takes any other action to protect the environment, they can register this action on the RED platform. Once the data is validated in the platform, the CO2 equivalent footprint is calculated and tokenised carbon credits are issued that can be used to buy green energy or get the equivalent in cash. At the same time, a company can obtain carbon credits in the form of green tokens for their customers through unique QR codes printed on products or purchase receipts.