The project involves the installation of 552 photovoltaic panels on an area of 1,320 square meters, on the rooftop of the Agrocomplex Lunca Pascani. The photovoltaic generator will produce 6050 MWh in the next 25 years, leading to a reduction of approximately EUR700,000 in electricity costs. Thus, the company’s investment of EUR160,000 will be amortized in less than five years.
The investment aims to cover 85% of the energy needs of Agrocomplex Lunca and it involves a reduction of the company’s carbon footprint by 76 tons and of radioactive waste by 0.7 kg per year.
In January 2021, Restart Energy signed a partnership with Interlink Capital Strategies, the American fund in Washington DC, to finance the development of 500 MW of renewable projects in Romania by 2025, and provide 100% green energy produced locally to all final customers.
In February 2021, Restart Energy successfully launched the first issue of convertible green bonds in Romania that were listed on the Bucharest Stock Exchange, with the code REO26.