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.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
