Business Forum • 10 October, 2024 at 4:27 PM
Restart Energy has completed the implementation of a photovoltaic project for Fileca Industry worth more than €300,000. The beneficiary's investment will be amortized in about 4 years. The project consists of 852 panels located on the roof of the beneficiary's building in Beclean, Bistrița-Năsăud County.
The panels cover an area of 3,500 square meters and will produce 430 MWh of energy per year, covering about 12% of the company's energy consumption.
„We are pleased to have succeeded in taking an important step towards a sustainable, green energy future. The photovoltaic power plant built by Restart Energy is helping us to avoid releasing more than 3,300 tons of CO2 into the atmosphere over the next 25 years, which equates to a reduction of more than €2 million in energy costs over the lifetime of the project”, says Giacomo Livi, Administrator Fileca Industry.
„The Restart Energy team provides a complete energy efficiency project, from consultancy and documentation to design and installation. Any available area - an industrial hall, a plot of land or even a parking lot - can be used for the successful installation of a photovoltaic system that will significantly reduce energy costs and help mitigate the effects of climate change,” states Armand Domuța, CEO & Founder Restart Energy.
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 Romania's first convertible green bond issue in Romania that was listed on the Bucharest Stock Exchange, with the code REO26.
In June 2024, the Restart Energy group signed a connection contract with Transelectrica worth RON 56 million for a 500 MW photovoltaic park, which will supply green energy to more than 200,000 households. The photovoltaic park will produce more than 800,000 MWh per year and will help reduce carbon emissions by about 400,000 tons per year, or 12 million tons of CO2 avoided, over the lifetime of the project, with environmental benefits worth more than $1 billion.
Restart Energy Group's portfolio of PV projects under development is over 1,000 MWp.
In June 2024, Restart Energy issued its second corporate bond issue after the 2021 REO29E, to be listed on the Bucharest Stock Exchange.
Romania has a high investment potential in the photovoltaic energy industry, thanks to the superior solar radiation in Central, Western, and Northern European countries, a Neomar study shows.
Romania ranks 16th in the European Union in installed solar capacity, after countries such as Germany, Spain, Italy, the Netherlands, France, Poland, Belgium, Greece, Hungary, Austria, Portugal, Denmark, Sweden, the Czech Republic and Bulgaria. However, Romania's investment potential is higher than the top-ranked countries due to the quality of solar radiation in our country.
According to the Neomar report, in Romania, the number of legal entity beneficiaries reached 14,579 at the end of 2023, equivalent to an increase of +180% 2023 versus 2022, after an increase of +1 000% in 2022 versus 2021. The total installed capacities by legal entities beneficiaries reached 863,5 MW, representing an increase of +357% in 2023 versus 2022, after a rise of +991% in 2022 versus 2021.
At the end of 2023, there were 91,575 registered individual prosumers, representing an increase of +197% in 2023 versus 2022, after an increase of +170% in 2022 versus 2021. Installed capacity by individuals reached 615,4 MW at the end of last year, meaning an increase of +126% in 2023 versus 2022, after an increase of +366% in 2022 versus 2021, according to the same source.