Restart Energy realizes a solar project worth 360,000 euros for Avastar

Restart Energy realizes a solar project worth 360,000 euros for Avastar. Armand Domuta, Restart the power: «Photovoltaic systems represent the optimal solution for the electricity production of the future»

• Investment worth 360,000 euros, amortized over 3 years
• 140 panels, created on an area of ​​3,400 m2, with a power of 570kWp
• The solar energy produced covers 22% of company consumption
• The solar project will produce 17.8 million kWh, in 25 years, which means a cost reduction of 4,450,000 euros and a decrease in CO2 emissions of 13,350 tons
• The photovoltaic photogenerator will be mounted on the roof of the Avastar slaughterhouse, in Liteni, Suceava province

Bucharest, Timisoara, 8 November 2021: Restart Energy, one of the largest independent suppliers of electricity and natural gas on the local market, announces the signing of a

contract worth 360,000 euros with the Avastar company, for the installation of a photovoltaic photogenerator with a power of 570 kWp.

The project involves the installation of 1,140 photovoltaic panels, on an area of ​​3,400 square meters, on the roof of the Avastar slaughterhouse in Liteni, Suceava county. The photovoltaic generator will produce 17.8 million kWh over the next 25 years, with a reduction in electricity costs of 4,450,000 euros. Therefore, the business investment of 360,000 euros will be amortized over 3 years.

The project covers 22% of Avastar’s energy needs and will reduce the company’s carbon footprint by 13,350 tons over the next 25 years.

“Photovoltaic systems represent one of the safest and most cost-effective ways to produce clean electricity over a long period of time with minimal maintenance costs. Solar electricity production offers independence, flexibility, significant reduction in operating costs and, of course, decreased negative impact on the environment by reducing the carbon footprint. Considering an average cost of electricity production of 25 EuroMWh over a 30-year period, the guaranteed lifetime of a photovoltaic system translates into an economy of more than 75%. We are pleased that Avastar has chosen the solution offered by us.» Say Armand Domuta, General Manager of Restart Energy

«The construction of this photovoltaic system represents an important step for us. Green energy is the future, and the sooner we understand this, the better it will be for all of us and for the future of the planet. The implementation of the photovoltaic generator helps us to rationalize production costs and act in a sustainable way, in line with the company’s long-term development vision.» declare Vasile Plesca, Owner and administrator of Avatar.

***

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 supplier of electricity and natural gas, with 100% Romanian 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 and, starting in 2021, plans to expand into several European markets, including Germany and Spain.

About Avatar

Founded in 1994 in Liteni, Suceava County, Avastar is one of the leading meat producing companies in Romania. The company currently has 240 employees and its products are sold nationwide, but also in countries such as Hungary, Serbia, Poland, Greece, Holland, Germany, Spain, Hong Kong, etc. Management supports a sustainable development strategy, which includes reducing negative impacts on the environment and protecting natural resources.