Restart Energy has signed a 56 million lei connection contract with Transelectrica for a 500 MW solar park in Șimand, Arad County. This project will supply over 200,000 households in Romania with green energy.

The solar park, the second largest in Romania, will be financed by US Exim Bank through Interlink Capital Strategies, based in Washington DC. Restart Energy has received a letter of interest from US Exim Bank for a $380 million financing of the project. The company plans to use advanced American technology, including solar panels from SEG Solar and energy storage batteries from TESLA with a 1 GWh capacity.

Restart Energy’s management anticipates starting construction in Q2 2025, with project completion expected by December 31, 2026. The initiative is projected to create over 300 new jobs. The photovoltaic park is expected to produce over 800,000 MWh annually, reducing carbon emissions by approximately 400,000 tons per year.

“This strategic project strengthens Restart Energy’s position in the green energy market in the region. We are proud to contribute significantly to Romania’s transition to renewable energy,” said Armand Domuța, CEO & Founder of Restart Energy.

The project will contribute to the EU’s climate goals and Romania’s Integrated National Energy and Climate Plan (INECP) for 2021-2030, aiming for a 30.7% renewable energy mix by 2030.

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