Restart Energy, one of the largest independent electricity suppliers on the local market, announces the signing of a new contract worth EUR 120,000 with Elis Pavaje for the installation of 144 kWp photovoltaic generators.
The new project involves the installation of 320 photovoltaic panels on an area of 1,450 sqm on the roof of the Elis Pavaje unit in Petrești, Alba county.
The photovoltaic generator will produce 3,800 MWh over the next 25 years, meaning a reduction in electricity costs of around €760,000. The investment will pay for itself in about 1 year.
The solar project covers about 10% of the company’s energy needs and will reduce carbon footprint by 48 tons and radioactive waste by 0.5 kg per year.
In February 2021, Restart Energy successfully launched the first green convertible bonds, listed on the Bucharest Stock Exchange market, under REO26 code.