Restart Energy has installed two solar power plants for Aquaserv as part of a project valued at over €600,000. With a combined capacity of 928 kW, the rooftop and ground-mounted systems in Tulcea are expected to pay for themselves in about three years.
Capacity of the Solar Projects
The newly completed projects cover a total area of 11,332 square meters and are set to cut Aquaserv’s energy costs by more than €210,000 annually. The installation includes panels mounted on both rooftops and the ground.
Comprising 1,703 panels, the two photovoltaic plants will generate 1,096 MWh annually. This clean energy production will also reduce CO2 emissions by approximately 361 tons and radioactive waste by 3.4 kg each year.
Image: Collected
To date, Restart Energy has completed over 150 PV projects with an installed capacity of more than 50 MW. These systems produce 20.54 GWh annually, preventing 13,411 tons of CO2 emissions.
The company monitors carbon emission reductions from its projects using the RED platform, launched in 2021. This marketplace is used for calculating carbon footprints, facilitating sustainability projects, and offsetting emissions. It allows for the sale of green attributes and carbon credits through a secure, transparent process designed to reduce emissions and enhance ESG policies.
Reducing Operational Costs for Big Consumers
Valentin C. Ifrim, General Manager of Aquaserv S.A., notes that investing in photovoltaic panels significantly reduces operational costs, particularly for large energy consumers. He also emphasizes the company’s goal of expanding its energy generation capacity for both financial and environmental benefits.
“Investing in photovoltaic panels results in significant cost savings, particularly for businesses that use a lot of electricity,” said Valentin. “We seek to enhance our energy generation capacity, both for the immediate financial advantage and because we wish to act properly towards the environment and support a sustainable future.”
Armand Domuța, CEO & Founder of Restart Energy, adds that his company’s sustainable energy projects help partners develop resilience strategies. These initiatives reduce energy and bureaucratic costs while promoting efficiency and decarbonization, contributing to sustainable business growth.
“Through sustainable energy projects, we help our partners and clients develop an effective resilience strategy in a volatile business environment. Our mission is to reduce energy and bureaucratic costs so that our partners can benefit from increased energy efficiency and the positive effects of decarbonisation. Thus we contribute to the sustainable growth and development of their business,” Domuța stated.
Restart Energy oversaw the entire energy efficiency project for Aquaserv, handling everything from consulting and design to implementation.
Other Solar Projects
In January 2021, Restart Energy partnered with the American fund Interlink Capital Strategies of Washington, D.C., to finance the development of 500 MW of renewable projects in Romania by 2025. The aim is to supply all end customers with 100% locally produced green energy.
In February 2021, the company launched Romania’s first convertible green bond issue (REO26), which is listed on the Bucharest Stock Exchange.
More recently, in June 2024, Restart Energy signed a RON 56 million connection contract with Transelectrica for a 500 MW photovoltaic park. This park is expected to provide green energy to over 200,000 households, generate more than 800,000 MWh annually, and reduce carbon emissions by roughly 400,000 tons per year. Over its lifetime, the project is projected to prevent 12 million tons of CO2 emissions, delivering environmental benefits exceeding $1 billion.
Restart Energy’s solar power project for Aquaserv delivers both significant financial savings and environmental benefits, underscoring the company’s commitment to advancing renewable energy in Romania. The initiative is a clear example of how strategic investments in solar can drive both corporate sustainability and operational efficiency.
