Restart Energy One, one of the biggest independent suppliers of electricity and natural gas in the local market, announced on Monday the conclusion of a private round of investments with Tejas Capital (USA) for 21 million euros. „ Restart Energy One, one of the biggest independent suppliers of electricity and natural gas in the local market, announced the conclusion of a private round of investments with Tejas Capital (USA) for 21 million euros, at a company evaluation of 87.5 million euros. This step is part of the strategy developed in partnership with Interlink Capital Strategies of Washington DC, a consulting and fund administration company, to obtain financing of 500 million euros needed to complete green energy projects for 500 MW which the company wants to develop in the next five years.” At the same time, Restart Energy intends to integrate a storing capacity of at least 200 MW for the direct energy supply for the consumer. Early this year, Restart Energy One requested the collaboration between the US Embassy in Romania and EximBank to consolidate strategic partnerships in the area. “Funds invested by Tejas Capital will be used to develop infrastructure needed for green energy projects and the development of the company in Romania, contributing to reaching the strategic objective announced previously, of becoming the first renewable energy supplier in the area until 2025. Restart Energy Projects create over 300 new jobs in Romania and avoid the emission of over 5 million CO2 tons in the atmosphere “, said Armand Domuta, CEO and founder of Restart Energy. Restart Energy has doubled the number of clients in the first 6 month of the year reaching 50,000 consumption spots. In February 2021, Restart attracted 3.3 million euros because of the first issue of bonds devoted to the development and purchase of shares for renewable energy production. Restart Energy is an 100% Romanian independent supplier of electricity and natural gas, set up in Timisoara in 2015. It has 50,000 customers natural persons and about 5,000 corporate clients. The company has now over 100 employees and operations in Romania and Serbia. As of 2021, it intends to develop on several European markets, including Germany and Spain. Tejas Capital is an investment fund based in Texas, USA, focusing on the diversification and balancing of shares based on traditional energy through investments in sustainable energy at world level. Interlink Capital Strategies is a fund administration, management consulting and financial consulting company. Set up in 1994, based on Washington DC, the company is specialised in financing emerging markets, renewable energy and business development. REO and Interlink collaborate since the beginning of the present year for financial consulting services, with a view to attracting investments from the USA.
The Alliance for the Union of Romanians, or AUR, announced during a meeting on Monday, November 3, that it supports former TV presenter Anca Alexandrescu for the position of mayor of Bucharest. The elections will be held on December 7. The leadership of AUR decided unanimously to support Anca Alexandrescu, although she is not a […]
A former Royal Navy minehunter has arrived at the Port of Constanța on Monday, November 3, to join the Romanian Naval Forces, following a 41-day journey from the United Kingdom that covered more than 4,200 nautical miles. The vessel, now named M271 “Căpitan Constantin Dumitrescu,” is the second minehunter delivered to Romania under a government-to-government […]
Romania has formally signed an intergovernmental agreement to acquire 18 F-16 fighter jets from the Netherlands, the Ministry of Defense announced on Monday, November 3. The aircraft, already stationed at the Fetești Air Base as part of the European F-16 Training Center (EFTC), will now become the property of the Romanian state and will be […]
Romania has 454 casinos, which places the country right after the United States, which hosts 2,147 such places and over 600 casino hotels, B1tv.ro reported. Bucharest ranks as the second city, after Las Vegas, in terms of the number of casinos per population....
The candidate of the National Liberal Party (PNL) for Bucharest general mayor, Ciprian Ciucu, is two percentage points ahead of Daniel Băluţă, the representative of the Social Democrats (PSD) in the race, seen so far as the preferred one, according to a survey commissioned by the Liberal Party and published by Cotidianul.ro, as reported by
Romania is nearing the conclusion of a "huge USD 30 billion" investment agreement with the United States covering nuclear, hydro, natural gas, and artificial intelligence-based technologies, energy minister Bogdan Ivan announced last week, according to Ziare.com and
