Restart Energy, a leading company in energy transition services, announces the completion of a photovoltaic panel system worth over 340,000 euro for Cotnari S.A.

The project consists in the installation of 883 panels, on an area of 5,000 sqm, with a power of 400 kWp. The investment will pay for itself in less than 4 years.

The green energy produced covers about 25% of the company’s internal consumption. Over the next 25 years, the solar panels will produce 12,647 MWh, meaning a reduction in energy costs of more than €2.5 million.

The photovoltaic panel system means a reduction in CO2 emissions of 159 tonnes per year and radioactive waste of 1.5 kg per year.

The panels are located at the Cotnari winery in Iasi county.

„Photovoltaic systems are the natural response to the instability we see in the energy market. I am also pleased that we are managing to be sustainable and reduce the company’s carbon footprint at a time when the planet needs responsible action from everyone”, says Remus Deleanu, President of the Directory Board of Cotnari S.A.

“Photovoltaic systems are an efficient solution to reduce energy costs over a long period of time with minimal maintenance costs. Restart Energy will focus on sustainable active power generation using solar energy”, adds Armand Domuța, General Manager, Restart Energy.

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

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