Restart Energy builds photovoltaic systems worth 150,000 euros for the companies TED Agro and TED Farm

• Investment of 150,000 euros to be amortized in less than 5 years
• 534 panels, created on an area of ​​1,000 m2, with a power of 230 kWp
• The solar energy produced will cover approximately 30% of the total consumption of the two companies
• The solar panels will produce 6,850 MWh in 25 years, with an overall reduction in energy costs of approximately 700,000 euros
• Reduction of CO2 emissions by 86 tonnes and reduction of radioactive waste by 0.8 kg per year
• Photovoltaic generators will be mounted on the roof of the TED Agro and TED Farm units in Roman, Neamț County

Bucharest, Timisoara, 21 October 2022: Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of two new contracts worth a total of 150,000 euros with the companies TED Agro and TED Farm, for the installation of photovoltaic photogenerators with a cumulative power of 230 kWp.

The projects involve the installation of 534 photovoltaic panels, covering an area of ​​1,000 square metres, on the roof of the TED Agro and TED Farm units in Roman, Neamt County.

The photovoltaic generators will produce a total of 6,850 MWh over the next 25 years, guaranteeing a reduction in electricity costs of approximately 700,000 euros. Therefore, the investment of the two companies for a total amount of 150,000 euros will be amortized in less than 5 years.

The investment covers 30% of each company’s energy needs and results in a cumulative reduction in carbon footprint by 86 tons and radioactive waste by 0.8 kg per year.

“Photovoltaic systems are an effective solution to reduce energy costs over a long period of time with minimal maintenance costs. In the coming period, Restart Energy will focus on the sustainable production of active electricity through the use of solar energy,” Say Armand Domuța, General Manager of Restart Energy

«We decided to invest in a photovoltaic project for reasons of economic efficiency, but also for the desire to contribute to a safer future for the planet and for our children. With an initial investment that will be amortized in 5 years, we will benefit from lower and more predictable energy costs» Say Teodoru Nicolae EugenDirector General TED Agro.

«Our own production of green energy allows us to have a more sustainable operational activity, and at the same time more efficient from a financial point of view. The photovoltaic panels located at our headquarters in Rome cover 30% of the company’s total energy needs and represent savings of approximately 350,000 euros over the next 25 years.» declare Teodoru Nicoleta Margareta, General Manager TED Farm.

In January 2021, Restart Energy signed a partnership with the American fund Interlink Capital Strategies in Washington DC to finance the development of 500 MW of renewable projects in Romania by 2025, with the aim of providing all end customers with 100% locally produced green energy.

In February 2021, Restart Energy successfully launched the first convertible green bond issue in Romania listed on the Bucharest Stock Exchange, under the code REO26.

In September 2021, after 4 years of development, Restart Energy launched another globally unique project, a platform based on its own technology for blockchain certification of both carbon footprint and carbon dioxide avoided from being removed into the atmosphere, as well as for direct exchange between participants of environmental attributes and renewable energy, www.redplatform.com.

Every time someone plants a tree, cleans a beach, consumes green energy or takes any action to protect the environment, they can record this action on the RED platform. After the data is validated in the platform, the equivalent CO2 footprint is calculated and tokenized carbon credits are issued which can be used to purchase green energy or obtain the cash equivalent. At the same time, a company can obtain carbon credits in the form of green tokens for its customers, through unique QR codes printed on products or purchase receipts.

Depre Restart Energy

Restart Energy is an independent electricity supplier, with mixed Romanian-American capital, founded in 2015 in Timișoara. Restart Energy has over 40,000 individual customers and approximately 5,000 corporate customers. The company operates in Romania and Serbia.