Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Restart Energy completed two photovoltaic projects for Com...

Restart Energy completed two photovoltaic projects for Com Divers company, worth over 300,000 euros

May 27, 2024

Restart Energy has completed the construction and installation of two photovoltaic projects for Com Divers company, worth over €300,000. The beneficiary's investment will pay for itself in approximately 3 years.

The rooftop projects have a combined power of 416 kWp and were installed on the roof of two industrial warehouses belonging to the beneficiary, located in Pitești, Argeș county, and Budești commune, Valcea county.

The two photovoltaic plants consist of 928 panels covering a total area of 3,200 square meters. The panels will produce a total of 416 MWh of energy per year, which is about 60% of the company's energy needs.

The solar panels reduce the amount of CO2 emitted into the atmosphere by about 160 tonnes per year and radioactive waste by 1.4 kg per year.

Carbon emission reductions through the implementation of solar energy projects will be monitored through the RED platform, implemented in 2021, a marketplace dedicated to carbon footprint calculation, carbon emission reduction through sustainability projects or carbon footprint offsetting. Green attributes, both those obtained for individual sustainable actions and carbon credits, can be sold internally through the RED platform marketplaces, through a technologized, transparent, and secure process dedicated to reducing carbon emissions and improving ESG policies.

„Photovoltaic panels ensure decentralization. The operational and financial benefits are obvious, and on the other hand, we contribute to protecting the environment by reducing greenhouse gas emissions and carbon footprint”, says Daniel Lazăr, Com Divers Administrator.

„Easy and plentiful access to cheap, renewable sources of energy of our own is essential to sustain a modern industry. Sustainable, green, solar energy, whether rooftop or ground-mounted, offers the customer cost predictability and energy savings in their processes of around 50%. Solar energy projects implemented by Restart Energy to date, through the Solar Division, have produced approximately 20.54 Gwh of green energy, and by 2024 our goal is to double that amount”, says Armand Domuța, CEO & Founder Restart Energy.

Restart Energy provided the entire energy efficiency project for the beneficiary company, from consulting and design to implementation.

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, in order 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.

The information provided by KomuniK

Read in full - click here
Two Romanian citizens arrested in Switzerland for robbing houses in evacuated village

Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]

EBRD revises estimates of Romanian economy down to 1.6% in 2025

The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%.  The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]

Cluj-Napoca becomes the first Romanian city to ban smoking in open public spaces

During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]

Nearly two-thirds of entrepreneurs expect layoffs, Romanian Business Leaders survey shows

An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]

Romanian referee to oversee UEFA Champions League final between PSG and Inter Milan

Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]

Over 70 museums across Romania join 2025 Night of Museums this weekend

Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting.  From major […]