Restart Energy launches a green bond issue. Through this process, the company aims to obtain 3-5 million euros for investments.
The interest will be about 8-10%, and the listing on the Bucharest Stock Exchange will take place in the coming weeks.
Restart Energy, one of the independent suppliers of electricity and natural gas on Romanian market, aims to double the number of household customers this year to 65,000 and increase its revenues about 80% – up to 220 million lei.
83% higher revenues compared to 2020
The advance of the number of customers and the addition of new business lines – such as the sale of equipment – will lead to a significant increase in turnover.
Thus, Restart Energy relies on 220 million lei revenues for 2021, more by 100 million lei (+ 83%) than last year.
The company’s management plans to reach a net profit of 24.2 million lei at the end of 2021, compared to approximately 13 million lei (estimated) last year.
USD 500 million projects by 2025
Restart Energy wants to launch this year a plan for the acquisition and development of renewable energy projects with a capacity of 500 MW. The projects would be completed by the end of 2025.
The company’s management wants to purchase and develop 100 MW of solar, wind, biogas, biomass, and geothermal energy projects every year until 2025.
This Restart Energy plan will require investments of approximately $ 100 million per year. In this regard, Restart Energy recently entered into a joint venture with the consulting and fund management company Interlink Capital Strategies (USA).
This partnership will support Restart Energy in executing the strategy of developing green energy projects worth $ 500 million in Romania and neighboring countries while expanding into the US market.