Romania's Restart Energy signs deal to link 50 MW solar park project to grid

Jan 17, 2022 02:50 PM ET
  • Romanian energy supplier Restart Energy claimed on Monday that it has actually authorized a contract to attach to the electricity circulation network a 50 MW solar park it plans to build, spending 40 million (45.8 million euro) in it.
Romania's Restart Energy signs deal to link 50 MW solar park project to grid

The park in the northwestern area of Sarmasag, Salaj area, will have an annual energy manufacturing of 55 million kWh - sufficient to supply about 30,000 houses with eco-friendly energy, Restart Energy claimed in a news release.

By placing it into operation, the release of 1.23 million tonnes of CO2 into the atmosphere during the park's 25-year operation period will be prevented, the business added.

Restart acquired the project in a "ready-to-build" phase in February 2021.

Building is scheduled to start in the springtime, with manufacturing seen in the very first quarter, Restart Energy CEO Armand Domuta claimed.

Reboot purposes to create a hundred short-term work during the building and construction and also 15 irreversible ones once the facility is put into procedure.

The investment is part of the firm's plans to create renewable energy projects in Romania as well as adjoining nations with an overall capacity of 500MW by the end of 2025. The projects will certainly be established collectively with Washington, D.C.-based Interlink Capital Methods and also will certainly call for yearly investments of $100 million, targeting solar, wind, biogas, biomass as well as geothermal energy markets, Restart said in 2014.

Developed in 2015, Restart Energy is part of Armand Group regulated by Romanian entrepreneur Armand Domuta.

Reactivate Energy published a turn over of about 180 million lei ($18.4 million/16.2 million euro) in 2021. For this year, the monitoring targets a turnover of 300 million lei as well as an internet revenue of 50 million lei.

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