Green Forum • 9 October, 2024 at 12:00 PM
Restart Energy has completed the implementation of a photovoltaic project for Fileca Industry worth more than 300,000 euros. The beneficiary's investment will be amortized in about 4 years.
The project consists of 852 panels located on the roof of the beneficiary's building in Beclean, Bistrița-Năsăud County.
The panels cover an area of 3,500 square meters and will produce 430 MWh of energy per year, covering about 12% of the company's energy consumption.
„We are pleased to have taken an important step towards a sustainable, green energy future. The photovoltaic power plant built by Restart Energy is helping us to avoid releasing more than 3,300 tons of CO2 into the atmosphere over the next 25 years, which equates to a reduction of more than €2 million in energy costs over the lifetime of the project”, says Giacomo Livi, Administrator Fileca Industry.
„The Restart Energy team provides a complete energy efficiency project, from consultancy and documentation to design and installation. Any available area - an industrial hall, a plot of land, or even a parking lot - can be used for the successful installation of a photovoltaic system that will significantly reduce energy costs and help mitigate the effects of climate change”, states Armand Domuța, CEO & Founder 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 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. It will help reduce carbon emissions by about 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.
Restart Energy Group's portfolio of PV projects under development is over 1,000 MWp.