Restart Energy announces the completion of a photovoltaic panel system

Timisoara, 19 June 2023: Restart Energy, a leading company in energy transition services, announces the completion of the construction of a photovoltaic panel system worth 160,000 euros for the Geneza Comimpex company.

The project consisted of the installation of 428 panels at the Geneza supermarket in Târgu-Neamț, Neamț county, on an area of ​​1,200 m2, with a power of 194.4 kWp. The investment will be amortized in less than 5 years.

The solar energy produced will cover approximately 80% of the company’s consumption. Over the next 25 years the solar panels will produce 4,750 MWh, which means a reduction in energy costs of 950,000 euros. In this interval, the implementation of the photovoltaic panel system will allow Geneza Comimpex to reduce its CO2 emissions by approximately 1,500 tons and radioactive waste by approximately 15 kg.

«The benefits deriving from the realization of this project are particularly important for us, both in terms of cost reduction, but also in terms of environmental impact, an aspect to which we pay attention in our business. The good collaboration we have had with Restart Energy in this project makes us confident that we will continue to invest in this direction.» Say Bogdan Agafitei, director of the Geneza Comimpex company.

“Restart Energy aims to contribute to the reduction of its customers’ carbon footprint by offering concrete, turnkey solutions to reduce polluting emissions. At the same time, photovoltaic systems are an effective solution to reduce operating costs, over a long period of time, with minimal maintenance expenses,” Say Armand Domuța, General Manager of Restart Energy.

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 a leading company in energy transition services, with mixed Romanian-American capital, founded in 2015 in Timișoara. In 2022 Restart Energy developed 60 photovoltaic projects, with an installed capacity of approximately 15 MW, for companies in the industrial, retail and HoReCa sectors. The company closed 2022 with a turnover of over 10 million euros in the photovoltaic systems segment and a turnover of 55 million euros.

On the genesis of Comimpex

Geneza Comimpex has been operating in the non-specialised wholesale of food, beverages and cigarettes for over 30 years. The company currently has 75 employees and closed 2022 with a turnover of 33,462,184 lei.

The company was founded in 1993 and is part of a group of companies with 100% Romanian capital. The company is among the few remaining active in the Traditional Trade sector in the Moldova area and is constantly expanding.

In addition to the retail sector, the company is currently investing in a hotel located in a key area for German tourism and is thus diversifying its business. The company’s next major investment will involve a logistics warehouse that will cover distribution to stores in the area.