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Restart Energy completes a 300,000 euro solar system for Maragro Timiș

20 July 2023

Restart Energy announces the completion of the implementation of a photovoltaic panel system worth more than 300,000 euros for the company Maragro.

The project consists of the installation of 880 panels, on an area of 3,700 sqm, with a power of 396 kWp. The investment will pay for itself in less than four years.

The green energy produced covers about 35% of the company’s internal consumption. Over the next 25 years, the solar panels will produce 10,750 MWh, meaning a reduction in energy costs of more than €2 million. Maragro is expected to reduce CO2 emissions by about 3,375 tonnes and radioactive waste by about 32.5 kg during this period.

The panels are located on the perimeter of Maragro’s plant in the commune of Giera, Timiș County.

„As the price of conventional energy remains unstable, we made the decision to invest in a photovoltaic panel system. As well as lowering operational costs, such a system also has the advantage of a positive environmental impact,” says Dr. Francesco Del Maschio, manager of Maragro.

“Photovoltaic systems are a cost-effective and reliable solution to streamline operational costs. Such a system produces green energy over a long period of time with minimal maintenance costs. We are pleased to see a significant increase in interest in such systems from both entrepreneurial, small and medium-sized companies and corporations,” 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, in order 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.

In September 2021, after 4 years of development, Restart Energy launched another globally unique project, a platform based on proprietary technology for blockchain certification of both carbon footprint and carbon dioxide avoided to be released into the atmosphere, as well as direct trading between participants of environmental and renewable energy attributes,

Every time someone plants a tree, cleans a beach, consumes green energy or takes any other action to protect the environment, they can register this action on the RED platform. Once the data is validated in the platform, the CO2 equivalent footprint is calculated and tokenised carbon credits are issued that can be used to buy green energy or get the equivalent in cash. 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.

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