Photovoltaic panel system worth over €340,000 installed at Cotnari Winery in Iasi

Restart Energy, a company in energy transition services, announces the completion of a photovoltaic panel system, worth over 340,000 euros for Cotnari S.A.

The project consists in the installation of 883 panels, on an area of 5,000 sqm, with a power of 400 kWp. The investment will pay for itself in less than 4 years.

The green energy produced covers about 25% of the company’s internal consumption. Over the next 25 years, the solar panels will produce 12,647 MWh, meaning a reduction in energy costs of more than €2.5 million.

The photovoltaic panel system means a reduction in CO2 emissions of 159 tonnes per year and radioactive waste of 1.5 kg per year.

The panels are located at the Cotnari winery in Iasi county.

„Photovoltaic systems are the natural response to the instability we see in the energy market. I am also pleased that we are managing to be sustainable and reduce the company’s carbon footprint at a time when the planet needs responsible action from everyone”, says Remus Deleanu, President of the Directory Board of Cotnari S.A.

“Photovoltaic systems are an efficient solution to reduce energy costs over a long period of time with minimal maintenance costs. Restart Energy will focus on sustainable active power generation using solar energy”, says Armand Domuța, General Manager Restart Energy.

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

Every time someone plants a tree, cleans a beach, consumes green energy or takes any other action to protect the environment, they can register this action on the RED platform. Once the data is validated in the platform, the CO2 equivalent footprint is calculated and tokenised carbon credits are issued that can be used to buy green energy or get the equivalent in cash. At the same time, a company can obtain carbon credits in the form of green tokens for their customers through unique QR codes printed on products or purchase receipts.