Restart Energy announces the completion of a photovoltaic panel system worth EUR 160,000 for Geneza Comimpex

Restart Energy, a leading company in energy transition services, announces the completion of the implementation of a photovoltaic panel system worth 160,000 euros for the company Geneza Comimpex.

The project consisted in the installation of 428 panels on the premises of Geneza Supermarket situated în Târgu-Neamț, Neamț county, on an area of1 1,200 square meters, with a power of 194.4 kWp. The investment is to be amortized in less than 5 years.

The solar energy produced will cover approximately 80% of the company’s consumption. In the next 25 years, the solar panels will produce 4,750 MWh, leading to a reduction in energy costs of 950,000 euros. In this timeframe, the implementation of the photovoltaic panel system will allow Geneza Comimpex to reduce its CO2 emissions by approximately 1,500 tons and radioactive waste by approximately 15 kg.

“The benefits of implementing this project are particularly important for us, both in terms of cost reduction, but also in terms of environmental impact, an aspect we pay attention to in our activity. The good collaboration we had with Restart Energy in this project makes us confident that we will continue to invest in this direction”, says Bogdan Agafiței, the official representative of Geneza Comimpex.

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“Restart Energy aims to help reduce its customers’ carbon footprint by offering concrete, turnkey solutions to reduce polluting emissions. At the same time, photovoltaic systems are an effective solution for reducing operational costs, over a long period of time, with minimal maintenance expenses”, says Armand Domuța, General Manager of Restart Energy.

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

In February 2021, Restart Energy successfully launched the first issue of convertible green bonds in Romania that were listed on the Bucharest Stock Exchange, with code REO26.

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

Every time someone plants a tree, cleans a beach, consumes green energy or takes any action to protect the environment, they can register this action on the RED platform. After the data is validated in the platform, the equivalent CO2 footprint is calculated and tokenized carbon credits are issued that can be used to buy green energy or get the cash equivalent. 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.