Restart Energy, a leading company in energy transition services, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming SRL, with a total investment of approximately 300.000 euros.
The projects have a combined capacity of 403.2 kWp and were installed on two buildings belonging to the beneficiary, located in Berești-Bistrița, Bacău County, and Tișița, Vrancea County.
The systems comprise 896 photovoltaic modules, which provide approximately 50% of the company's energy consumption for each of the two buildings.
"We are pleased to have been able to develop these projects in partnership with Restart Energy because they streamline the costs associated with production. Moreover, the ethical component is not to be neglected at all, I think we should all be much more attentive to the amount of CO2 emissions we generate, for the sake of future generations" says Cătălin Daniel Grigoriu, Administrator Moldova Farming SRL.
"Investing in photovoltaic panels provides a much higher yield than conventional energy sources, which is a strong argument for any manager who is aware of the realities of the moment. The initial investment pays for itself in just 3-4 years and maintenance costs are minimal", says Armand Domuța, General Manager Restart Energy.
Restart Energy provided the entire energy efficiency project for the beneficiary company, from consulting and custom design to implementation.
Restart Energy's portfolio of photovoltaic systems currently comprises 150 completed projects, with a total value of more than €25 million.
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.
In September 2021, after 4 years of development, Restart Energy launched another globally unique project, a platform based on proprietary technology for blockchain certification of both carbon footprint and carbon dioxide avoided to be released into the atmosphere, as well as direct trading between participants of environmental and renewable energy attributes, www.redplatform.com.
Every time someone plants a tree, cleans a beach, consumes green energy or takes any other action to protect the environment, they can register this action on the RED platform. Once the data is validated in the platform, the CO2 equivalent footprint is calculated and tokenised carbon credits are issued that can be used to buy green energy or get the equivalent in cash. 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.
The information provided by KomuniK
Social Democrat (PSD) leader Marcel Ciolacu has been appointed by president Klaus Iohannis to form the new government, with the prime minister set to request a vote of confidence from Parliament later today, December 23. Ciolacu thus returns to Victoria Palace as head of government, backed by the newly-emerged ruling coalition. The new cabinet will […]
Igor Feio, a Portuguese citizen living in Romania for over ten years, shares his view on the Constitutional Court's recent decision to cancel the first round of the presidential elections in the country. On November 24, about 9 Million people expressed their vote in the 1st round of the Presidential Elections. It was a somehow […]
Romania is quickly becoming one of Europe’s most desirable destinations for expats, thanks to its affordability, vibrant culture, and strategic location in the heart of Europe. Whether you’re considering citizenship, a nomad visa, or residency, each pathway offers unique benefits tailored to different lifestyles and goals. In this article, we’ll explore these options in depth […]
Amsterdam-based DRI, the EU renewables arm of Ukrainian energy company DTEK, announced the signing of the “largest physical solar power purchase agreement (PPA) in Romania” with OMV Petrom, the leading integrated energy producer in Southeastern Europe. The agreement groups three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a […]
Art Safari, the largest exhibition event dedicated to art in Romania, has announced its first 2025 edition, scheduled to take place from March 7 to July 27. The new season offers a program featuring anniversary retrospectives of Romanian art masters Ioan Andreescu and Ion Țuculescu, the exhibition Forgotten Painters – Hidden Treasures of Romanian Art, […]
Update: Crin Antonescu is the proposed presidential candidate of the coalition formed by PSD, PNL, UDMR, and national minorities, political leaders confirmed on Monday morning, December 23. Each party is set to confirm this endorsement through internal votes. “PNL has signed this coalition protocol to ensure our country has a stable government during challenging times […]
