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.
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