The photovoltaic (PV) generator will produce 45,775 MWh over the next 25 years, which means cutting energy costs by EUR5.14 million. Thus, the company’s investment will be amortized in less than five years, as per calculations by Restart Energy.
The investment also aims to cover 23% of Florea Grup’s energy needs and entails reducing the company’s carbon footprint by 15,775 tons and radioactive waste by 150 kg.
Florea Grup was established in 1996 by brothers Marcel and David Florea and is a fully privately-owned Romanian company. Petra Pavaje is a brand of Florea Grup.
Restart Energy was established in western city of Timisoara in 2015. In January 2021, Restart Energy partnered with the American Investment Fund Interlink Capital Strategies to provide 100% green energy to all end clients, with 500 MW renewable in Romania by 2025.
In February 2021, Restart Energy launched its first corporate bond issue on the Bucharest Stock Exchange, under the ticker symbol REO26.