Cookie settings
Romanian Restart Energy raises new capital for its 500 MW solar projects

Romanian Restart Energy raises new capital for its 500 MW solar projects

Date: August 17th 2021

Author: Tanja Srnovršnik

Category: En.vision

Topic: Electricity , Renewables , Economy

Romanian electricity and gas supplier Restart Energy One has raised EUR 21m from the US-based investment fund Tejas Capital to accelerate its 500 MW solar as well as storage projects, it said on Monday.

According to Restart Energy One, this transaction is part of an ongoing funding strategy executed together with the company’s US-based financial advisor Interlink Capital Strategies for up to USD 500m of new funding.

The funds will be allocated for the development of Restart Energy One’s proprietary 500 MW solar photovoltaic project pipeline, said the company. The Romanian energy supplier also aims to install and integrate at least 200 MWh of energy storage capacity into its renewable projects in order to provide grid services and balance its portfolio.

“The capital provided by US-based Tejas will be used to fund the company’s renewable energy infrastructure and growth in Romania, contributing to its previously announced target of becoming the first 100% green energy supplier in the region by 2025,” said Armand Domuța, CEO of Restart Energy.

“Tejas is looking at high-growth, independent companies with a proven capability to affect an immediate positive impact on our climate, and we found Restart Energy One to be one of the most promising opportunities in the Central Europe region with an ambitious growth plan and tremendous potential,” said Gary Hoskins, manager of Tejas.

“Not just Romania, but hopefully the region will benefit from combining Restart Energy One’s rapidly expanding customer base with high-in-demand, renewable power assets and their block-chain based innovative trading platform,” he added.

Restart Energy has operations in Romania and Serbia and, starting this year, it aims to develop on several other European markets, including Germany and Spain.



There are no news for this selection of filters. Please try a different theme or country.
  • Electricity
  • Oil and oil derivates
  • Renewables
  • Coal
  • Energy policy
  • Ecology
  • CO2 emissions
  • New technologies
  • Economy
  • Heating
  • En.vision
  • Energy Efficiency
  • Nuclear Energy
  • Gases
  • __all__
  • All topics

Subscribe to EN.NEWS

Receive En.news – energy news, interviews and commentaries. They will appear in your e-box every Tuesday and every Thursday, while every Wednesday you can receive our En.trading news. As Energetika.NET reader you will also be informed about energy events in Slovenia and SE Europe.

Your e-mail

SLO SEE & En.Trading news




Data will be used for receivers management and internal marketing research and will not be sold or distributed to third parties. By signing up for news, you are familiar with and agree with our Privacy Policy .
×

SUBSCRIBE TO EN.NEWS


Receive En.news – energy news, interviews and commentaries. They will appear in your e-box every Tuesday and every Thursday, while every Wednesday you can receive our En.trading news. As Energetika.NET reader you will also be informed about energy events



Email address






Data will be used for receivers management and internal marketing research and will not be sold or distributed to third parties.
By signing up for news, you are familiar with and agree with our general conditions.
×