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
Camelia Ene, the former CEO of MOL Romania, has been appointed CEO of ROCA Industry, the Romanian holding company of construction materials manufacturers. Ionuț Bindea, who has been the CEO for almost three years, will serve as chairman of the board of directors of ROCA Industry. Furthermore, as Senior Investment Manager of ROCA Investments, he […]
The going-out options include a variety of exhibitions and a selection of David Lynch films. In Bucharest: Four masterpieces of David Lynch January 23 – January 26 Cinemateca Eforie runs a program that pays homage to American filmmaker David Lynch, who passed away last week. The films that will be screened are The Elephant Man, […]
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
