Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of a new contract worth €385,000 with SC Cuiul SRL, for the installation of 570 kWp photovoltaic generators.
The new project involves the installation of 1253 photovoltaic panels on an area of 5,000 sqm on the roof of Cuiul unit in Târgu Neamț, Neamț county.
The photovoltaic generator will produce 14.425 MWh over the next 25 years, meaning a reduction in electricity costs of around €2,2 million. The investment will pay for itself in less than 4 years.
The solar project covers about 33% of the companies’ energy need and will reduce carbon footprint by 171 tons and radioactive waste by 1,7 kg per year.
“Photovoltaic systems have become interesting for many Romanian companies and we expect this trend to further develop. Practically, following an investment that will soon pay for itself, energy costs significantly decrease, and we all enjoy a cleaner environment. Photovoltaic systems are modular, and they can be assembled according to the clients’ needs, location, shade, and roof’s orientation”, states Armand Domuța, General Manager of Restart Energy.
“We have a family business that developed over the years as we always had healthy values. We have chosen to make the transition towards green energy because we care about the future and our children’s future. Besides financial considerations, we took into account the environmental benefits of green energy” Cojocariu Mihai, Administrator.
In January 2021, Restart Energy signed a partnership with the American Investment Fund Interlink Capital Strategies, in Washington DC, for financing the development of 500 MW renewable projects in Romania by 2025, with the aim of offering 100% green energy to all end clients.
In February 2021, Restart Energy successfully launched the first green convertible bonds, listed on the Bucharest Stock Exchange market, under REO26 code.
In September 2021, following a 4-year development, Restart Energy launched another unique worldwide project, a platform based on owned certification blockchain technology for both carbon print, as well as CO2 avoided to be eliminated in the atmosphere. The platform allows trans-actions between participants for environmental attributes and renewable energy, www.redplatform.com.
Every time someone plants a tree, clears a beach, consumes green energy or takes any environmental action, they can register this action on the RED platform. Once 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 to obtain 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.