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.
Around 32% of Romanians plan to spend their upcoming holidays abroad, with Greece, Italy, and Spain topping the list of preferred destinations, according to the Visa CEE Travel and Payment Intentions Study 2025. Of those going abroad for the summer, nearly 40% say they are “experience seekers,” prioritizing discoveries and stepping out of their comfort […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, will remain under judicial supervision after the District 1 Court in Bucharest rejected his appeal against the prosecutors’ decision to extend the preventive measure,
The mayor of Timișoara, Dominic Fritz, will be the new leader of the Save Romania Union party, or USR, after he received 67.2% of the votes in an internal race. The vote for the new party president was conducted online and started Wednesday at 10 AM and ended Friday at noon. A total of 10,914 […]
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
