Romania's CIS Group to build 23-MW solar park at home
Sep 19, 2024 9:59 CESTRomanian energy supplier Restart Energy One SA on Monday said it is considering a bond offering of up to EUR 6.5 million (USD 7m), seeking to secure funds for a plan to shift its focus toward energy transition.
The company will issue up to 65,000 dematerialised, unsecured, non-convertible bonds to a maximum of 149 retail investors. The securities will have a nominal value of EUR 100 apiece and will mature in five years. They will have a coupon rate of 9.5% and an early pay-back premium of 1.5% of the bond loan value.
Funds from the placement will be allocated to support Restart Energy’s growth and its projects in the energy transition field. The company said that in the next few years, it will seek to consolidate its business in the rooftop solar segment, complete utility-scale projects and develop new solar photovoltaic (PV) projects to lift the share of green energy in its energy supply mix.
Timisoara-based Restart Energy has been active in the renewable energy market since 2009 and currently delivers power to over 30,000 clients. In addition to energy supply, the company offers engineering, procurement and construction (EPC) services and has over 1 GW of projects in its development pipeline. Its website shows it has so far implemented 127 solar projects.
(EUR 1.0 = USD 1.074)
Romania's CIS Group to build 23-MW solar park at home
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