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Restart Energy: New panel system of more than 630,000 euro for Rekord

25 April 2023
Renewables
energynomics

Restart Energy, a leading company in energy transition services, announces the completion of the implementation of a new system of photovoltaic panels, worth over 630,000 euros for the company Rekord SRL.

The project consists in the installation of 1,776 panels, on an area of 8,000 square meters, with a power of 800 kWp. The solar project installed on the roof of the production unit in Alba County covers approximately 80% of the company’s energy consumption.

The investment worth over 630,000 euros is to be amortized in less than 4 years.

The solar panels will produce 21,250 MWh in 25 years, meaning a reduction in energy costs of over 3.4 million euros and a reduction in CO2 emissions of 267 tons and radioactive waste worth 2.6 kg.

Recently, Restart Energy signed a new contract with the Rekord company for a new project of photovoltaic panels that will be installed on the roof of the Rekord unit in Teiuș, Alba County. The 654 panels, with a power of 300 kWp, represent an investment of over 200,000 euros to be amortized in approximately two and a half years. The company will thus cover 80% of its own energy consumption.

“We made the decision to produce green energy for our own consumption because it is more advantageous from a financial point of view and because we want to act responsibly in relation to the environment. We are very satisfied with the first project developed together with Restart Energy, with the way our collaboration went and that is why we recently signed a new contract, for a new system of photovoltaic panels, for the production unit in Teiuș,” says Fabio Vettoretto, the representative of the Rekord company.

“Photovoltaic systems are a convenient and safe solution. In fact, photovoltaic systems are so competitive that the production cost of solar energy for a new plant that also requires depreciation is twice lower than the production cost of a coal-fired plant already depreciated,” says Armand Domuța, General Manager 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 until 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 September 2021, after 4 years of development, Restart Energy launched another unique project worldwide, a platform based on its own technology for blockchain certification of both the carbon footprint and the carbon dioxide that would not be eliminated in atmosphere, as well as direct trading between participants of environmental attributes and renewable energy.

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