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.
Environmental non-governmental organization WWF-Romania (World Wide Fund for Nature) recently warned that the Danube Delta could lose 2,500 hectares to intensive agriculture. The warning was issued on February 2, World Wetlands Day, and concerns the Carasuhat area in the Danube Delta. This is a region that was partially restored through a European project funded with […]
Far-right and pro-Russian politician Călin Georgescu, who shot from obscurity to the forefront of Romanian politics in the now-canceled presidential elections, called for Romanians to boycott supermarkets on February 10. In his call, Georgescu gave the example of Croatia, where...
The controversial real estate developer Nordis, operating in some of Romania’s prime residential and commercial areas, collected nearly EUR 200 million through a “three-tiered pyramid scheme,” according to prosecutors from the Directorate for Investigating Organized Crime and Terrorism (DIICOT). A large-scale DIICOT operation was underway in the Nordis case on Monday, February 3, with dozens […]
Cristina Caramizaru, expert with over 20 years of experience in executive search and leadership advisory, joins Selion Global Romania as Partner. Launched in Romania in 2024 by Filip Nemteanu and Mihai Bajan, Selion Global Romania is the local branch of an international executive search and leadership consulting firm, dedicated to promoting organizational excellence through tailored […]
Production volumes fall at quickest rate on record (since July 2023) Softer drop in new orders signaled Sharp decrease in purchasing activity supports stock reduction The latest BCR PMI® data showed the decline in the Romanian manufacturing sector deepening. Operating conditions deteriorated to the largest extent across the survey history to-date in January, with the […]
Romanian finance minister Tanczos Barna recently stated that the government will regulate the local cryptocurrency market, forcing all companies to obtain an authorization to operate. Barna admitted that at the moment the state does not know the real size of the cryptocurrency market in Romania. “We will have a real dimension after we require all […]
