Restart Energy has completed the implementation of a photovoltaic project for the Cindrel Teleferic Company, administrator of the Păltiniş Arena ski area, worth approximately 300,000 euros. The beneficiary’s investment will be amortized in 3 years.
The project consists of 800 panels located on the ground in Păltiniș Arena, Sibiu county.
The panels cover an area of 5,500 square meters and will produce 445 MWh of energy per year, fully covering the company’s energy consumption.
“The green energy generated by this system gives us complete energy independence, thus we currently rely on a safe, stable and economical energy source, without depending on traditional networks or price fluctuations in the energy market. On the other hand, we substantially reduce the carbon emissions associated with our activities and contribute to the efforts to combat climate change,” says Dan Gherman, Teleferic Cindrel company administrator.
“By providing customized energy efficiency solutions, we want to create a framework where green energy becomes accessible and efficient for various fields, thus contributing to a cleaner and more responsible economy. This approach is more than simply adapting to current market demands – it is part of our commitment to build a sustainable energy ecosystem that meets both today’s energy demands and the environmental challenges we face globally,” adds Armand Domuța, CEO & Founder 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 a view to providing 100% green energy produced locally to all end customers.
In February 2021, Restart Energy successfully launched the first issue of convertible green bonds in Romania that were listed on the Bucharest Stock Exchange, with code REO26.
In June 2024, the Restart Energy group concluded a connection contract with Transelectrica worth 56 million lei for a 500 MW photovoltaic park, as a result of which more than 200,000 households will be supplied with green energy. The photovoltaic park will produce more than 800,000 MWh annually and will help reduce carbon emissions by approximately 400,000 tons per year, i.e. 12 million tons of CO2 avoided, throughout the life of the project, meaning environmental benefits worth more than 1 billion dollars.
Restart Energy Group’s portfolio of photovoltaic projects under development exceeds 1,000 MWp.