The Restart Energy group concludes the connection contract with Transelectrica worth 56 million lei for a 500 MW park, thanks to which more than 200,000 families will be supplied with green energy

Bucharest, Timisoara, June 2024. Agrovoltaics, a company of the Restart Energy group,
signs a connection contract with Transelectrica worth 56 million lei, in
after which more than 200,000 families in Romania will receive green energy.
The agreement represents another important milestone in the development of a photovoltaic power park
installed capacity of 500 MW which will be located in the city of Şimand, Arad county.

The photovoltaic park is the second largest in Romania and will be financed by the US Exim Bank
through the American fund Interlink Capital Strategies in Washington DC. Restart power a
received a letter of interest from US Exim Bank for $380 million in financing
of the project.

To support the financing deal, the company plans to use technology
American, which will include latest generation photovoltaic panels produced in the USA by
SEG Solar, one of the most important manufacturers in the ea storage battery sector
energy produced by TESLA, with a capacity of 1 GWh. Restart energy management estimates
begin construction in the second quarter of 2025 and complete the project by December 31.
It is estimated that this action will generate more than 300 new jobs in the coming years.

«This project is strategic and strengthens Restart Energy’s position on the energy market
green in the region. The photovoltaic park contributes to environmental protection, both through its impact
negatively reduced, as well as replacing existing polluting capacities that use fossil fuels.
We are proud to contribute significantly to Romania’s transition towards renewable energy»,
says Armand Domuța, CEO and founder of Restart Energy.

The photovoltaic park will produce over 800,000 MWh per year and will contribute to reducing emissions
of carbon with around 400,000 tonnes per year, respectively 12 million tonnes of CO2 avoided
over the life of the project, which means that the environmental benefits are worth more than 1
billions of dollars. The European Union is making constant efforts to achieve the objectives set out in the Paris Agreement on climate change, with the ultimate goal of providing clean energy in
the entire European Union.

Through the National Integrated Energy and Climate Plan 2021-2030 (PINEP), Romania
proposes to develop new energy capacities from renewable sources to achieve the goal of
30.7% of renewable energy in the national energy mix. According to INECP, projections for
For the year 2030, an increase in solar photovoltaic capacities is expected to approximately 6.9 GW.
Therefore, in order to respect the trajectory of the global share of RES proposed by INECP, the new
net solar capacity to be installed will be 1,362 GW higher in 2030 than expected in 2030
in 2020.

Reducing carbon emissions, through the implementation of solar energy projects, is
monitored through the RED platform, implemented in 2021, a marketplace dedicated to IT
the carbon footprint, the reduction of carbon emissions through sustainability projects or
carbon footprint offsetting. Green attributes, both those obtained for sustainable actions
singles, as well as carbon credits, can be sold internally through the platform’s marketplaces
RED, through a technological, transparent and safe process dedicated to reducing emissions
carbon and improving ESG policies.

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 until 2025, to provide everyone with 100% locally produced green energy.
end customers.

In February 2021, Restart Energy successfully launched its first green bond issue
convertibles from Romania listed on the Bucharest Stock Exchange, with the code REO26.

Depre Restart Energy
Restart Energy is a frontline energy company with mixed Romanian-Romanian ownership.
American. With over 15 years of experience from the management team, Armand Domuța and Renato Doicaru
founded Restart Energy in 2015, currently reaching a portfolio of over 120 projects
renewable solar energy. Through the implemented EPC projects, the company offers its partners
stability and predictability and facilitates their access to energy. Restart Energy takes on a role
important at a regional and local level is to help companies rationalize costs and increase their costs
profitability through sustainable green energy projects.

Restart Energy recently won the Energy Transition Award, presented by The Diplomat magazine,
Business Review magazine’s Transformational Leadership Award and Excellence Award
in Energy, Entrepreneurs’ Club.