Restart Energy announces the signing of a new contract worth EUR 195,000 with Metalul Mesa S.A., for the installation of 295,2 kWp photovoltaic generators.
The new project involves the installation of 656 photovoltaic panels on an area of 3,000 sqm on the roof of Metalul Mesa unit in Salonta, Bihor County.
The photovoltaic generator will produce 8.225 MWh over the next 25 years, meaning a reduction in electricity costs of around EUR 1,64 million. The investment will pay for itself in less approximately 3 years.
The solar project covers about 20% of the company’s energy need and will reduce carbon footprint by 103 tons and radioactive waste by 1 kg per year.
“Photovoltaic systems are, without a doubt, an efficient and safe solution for reducing operational costs. With an investment that will pay for itself in only a few years, the company benefits from predictable, lower energy costs. The production cost for a new system that also needs repayment is twice lower than the production cost of a conventional energy system using coal,” says Armand Domuta, General Manager of Restart Energy.
“We see change as a positive thing, we respect humans and the environment, and we always aim to improve our performance. Therefore, we consider this investment in green energy as an opportunity to be more financially efficient, but also act responsibly, for a clean environment,” says Nan Sajti Daniel, Administrator.
In January 2021, Restart Energy signed a partnership with the American Investment Fund Interlink Capital Strategies, in Washington DC, for financing the development of 500 MW renewable projects in Romania by 2025, with the aim of offering 100% green energy to all end clients.
In February 2021, Restart Energy successfully launched the first green convertible bonds, listed on the Bucharest Stock Exchange market, under REO26 code.
In September 2021, following a 4-year development, Restart Energy launched another unique worldwide project, a platform based on owned certification blockchain technology for both carbon print, as well as CO2 avoided to be eliminated in the atmosphere. The platform allows transactions between participants for environmental attributes and renewable energy, www.redplatform.com.
Every time someone plants a tree, clears a beach, consumes green energy or takes any environmental action, they can register this action on the RED platform. Once the data is validated in the platform, the equivalent CO2 footprint is calculated and tokenized carbon credits are issued that can be used to buy green energy or to obtain the cash equivalent. At the same time, a company can obtain carbon credits in the form of green tokens for their customers, through unique QR codes printed on products or purchase receipts.