Restart Energy has completed two photovoltaic projects for Aquaserv, totaling more than 600,000 euro

The projects equate to a reduction in energy costs of over €210,000 per year for the beneficiary company

• The investment will pay for itself in about 3 years;
• The panels are located both on the roof and on the ground, on a total area of 11,332 square meters;
• The photovoltaic power plants with a combined capacity of 928 kWp produce 1096 MWh annually;
• CO2 emissions will be reduced by over 361 tons per year and radioactive waste by 3.4 kg per year;
• Restart Energy has so far completed more than 150 PV projects and more than 50 MW installed, which can produce 20.54 GWh and allow 13,411 tons of CO2 emissions to be avoided.

Restart Energy has completed constructing and installing two photovoltaic power plants for Aquaserv, for a total value of more than 600.000 euro. The beneficiary’s investment will be amortized in about 3 years.

The projects have a combined capacity of 928 kW and were installed on the roof and ground in Tulcea.

The two photovoltaic plants consist of 1703 panels covering a total area of 11,332 square meters. The panels will produce a total of 1096 MWh of energy per year, meaning a reduction in energy costs of more than €210,000 per year for the beneficiary company.

Solar panels reduce the amount of CO2 emitted into the atmosphere by about 361 tons per year and radioactive waste by 3.4 kg per year.

The reduction of carbon emissions through the implementation of solar energy projects will be monitored through the RED platform, implemented in 2021, a marketplace dedicated to carbon footprint calculation, carbon reduction through sustainability projects or carbon footprint offsets. Green attributes, both those earned for individual sustainable actions and carbon credits, can be sold internally through the RED platform marketplaces, through a technologized, transparent and secure process dedicated to reducing carbon emissions and improving ESG policies.

„Investing in photovoltaic panels means a significant reduction in operational costs, especially for those companies that by the nature of their business are large energy consumers. We aim to expand our energy generation capacity, both for the immediate financial benefit and because we want to act responsibly towards the environment and support a green future”, says  Valentin C. Ifrim, Aquaserv S.A. General Manager.

„Through sustainable energy projects, we provide essential support to our partners and clients in building an effective resilience strategy in a volatile business environment. Our mission is to reduce the costs associated with energy and bureaucracy so that our partners can enjoy the benefits of increased energy efficiency as well as the positive effects of decarbonization. Thus we contribute to the sustainable growth and development of their business”, says Armand Domuța, CEO & Founder Restart Energy.

Restart Energy provided the entire energy efficiency project for the beneficiary company, from consulting and design to implementation.

In January 2021, Restart Energy signed a partnership agreement with the American fund Interlink Capital Strategies from Washington DC to finance the development of 500 MW of renewable projects in Romania until 2025, in order to supply 100% green energy produced locally to all end customers.

In February 2021, Restart Energy successfully launched Romania’s first convertible green bond issue in Romania that was listed on the Bucharest Stock Exchange, with the code REO26.

In June 2024, the Restart Energy group signed a connection contract with Transelectrica worth RON 56 million for a 500 MW photovoltaic park, which will supply green energy to more than 200,000 households. The photovoltaic park will produce more than 800,000 MWh per year and will help reduce carbon emissions by around 400,000 tons per year, or 12 million tons of CO2 avoided, over the lifetime of the project, with environmental benefits worth more than $1 billion.

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About Restart Energy

Restart Energy is a leading energy company with mixed Romanian-American capital. With more than 15 years of expertise of the management team, Armand Domuța and Renato Doicaru set up Restart Energy in 2015 reaching today a portfolio of more than 150 renewable solar energy projects. Through the EPC projects implemented, the company offers its partners stability and predictability and facilitates their access to energy. Restart Energy has a major regional and local role to play in helping companies streamline costs and increase profitability through sustainable green energy projects.

Restart Energy recently received the Energy Transition Award from The Diplomat magazine, the Transformational Leadership Award from Business Review magazine, and the Energy Excellence Award from Club Antrepreneur. 

About Aquaserv S.A.

Aquaserv S.A. is one of the most important Regional Operators in the field of public water supply and sewerage services in Romania and the only regional operator licensed in the field in Mures County. The company serves approximately 100,000 individuals and economic agents and invoices 3.7 million m3 of drinking water annually. With 26 years of experience on the market, Aquaserv SA currently employs more than 430 people and ended 2023 with a turnover of 41,127,620 lei.