Restart Energy Completed a Photovoltaic Project for the Company Fileca Industry

• The photovoltaic plant has a power of 396 kWp and produces 430 MWh annually; 
• The project brings a reduction in the energy cost of approximately 90,000 euros per year and over 2 million euros, over the entire lifetime of the system;
• CO2 emissions will be reduced by 135 tons per year and radioactive waste by approximately 1.3 kg per year;
• Restart Energy has so far completed over 150 photovoltaic projects and installed over 50 MW that have the capacity to produce 20.54 GWh and with the help of which 13,411 tons of CO2 emissions have been avoided.
• Restart Energy Group’s portfolio of photovoltaic projects under development is over 1,000 MWp.

Restart Energy has completed the implementation of a photovoltaic project for the company Fileca Industry worth over 300,000 euros. The beneficiary’s investment will be amortized in approximately 4 years.

The project consists of 852 panels located on the roof of the building belonging to the beneficiary, in the town of Beclean, Bistrița-Năsăud county.  The panels cover an area of ​​3,500 square meters and will produce 430 MWh of energy per year, covering approximately 12% of the company’s energy consumption. 

“We are glad that we managed to take an important step towards a sustainable, green energy future. The photovoltaic plant built by Restart Energy helps us to avoid the release of more than 3,300 tons of CO2 into the atmosphere over the next 25 years, which equates to a reduction of more than 2 million euros in energy costs over the entire life of the project ”, says Giacomo Livi, Administrator of Fileca Industry.

“The Restart Energy team fully ensures an energy efficiency project, from consulting and documentation, to design and installation. Any available surface – an industrial hall, a plot of land or even a parking lot – can be used for the successful installation of a photovoltaic system that will significantly reduce energy costs and contribute to mitigating the effects of climate change”, says Armand Domuța, CEO & Founder 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, over the entire life of the project, meaning environmental benefits worth more than 1 billion dollars.

Restart Energy Group’s portfolio of photovoltaic projects under development is over 1,000 MWp. In June 2024, Restart Energy issued its second issue of corporate bonds, after the one in 2021, REO29E, which is to be listed on the Bucharest Stock Exchange.

Romania has a high investment potential in the photovoltaic energy industry, thanks to solar radiation superior to the countries of Central, Western and Northern Europe , a Neomar study shows. 

Romania ranks 16th in the European Union in terms of installed solar capacity, after countries such as Germany, Spain, Italy, the Netherlands, France, Poland, Belgium, Greece, Hungary, Austria, Portugal, Denmark, Sweden, the Czech Republic and Bulgaria. However, Romania’s investment potential is superior to the countries in important top positions due to the quality of solar radiation in our country. 

According to the Neomar report, in Romania, the number of legal entity beneficiaries reached 14,579 at the end of 2023, equating to an increase of +180% 2023 versus 2022, after an increase of +1,000% 2022 versus 2021. Total capacities installed by beneficiaries legal entities reached 863.5 MW, representing an increase of +357% 2023 versus 2022, after an increase of +991% 2022 versus 2021. 

The registered natural persons prosumer at the end of 2023 is 91,575, representing an increase of +197% 2023 versus 2022, after an increase of +170% 2022 versus 2021. The installed capacities by natural persons reached 615.4 MW at the end of the year past, meaning an increase of +126% 2023 versus 2022, after a +366% increase 2022 versus 2021, according to the same source.