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.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
