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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Restart Energy seeks EUR 3-5 mln by bond issue to finance USD 500 mln investments

Restart Energy, a Romanian entrepreneurial company developed in Timisoara by local businessman Armand Domuta, which recently announced plans for USD 500 million investments in renewable power capacities, will begin its expansion with a EUR 3-5 mln green bond issue on the Bucharest Stock Exchange.

Local brokerage firm Goldring will handle the bond issue, which will pay a yearly coupon of between 8% and 10%.

The bond offer is only the first step of the expansion plan, Restart Energy owner Armand Domuta confirmed.

"In the next five years, we aim to reach ambitious but achievable targets: renewable energy production capacity of 500 MW, 300,000 retail and business customers, and a market share of 2.5% for electricity and 1.5% for natural gas on a fully digital model. The amount obtained through this bond issue will help us achieve these objectives," Armand Domuta said in a statement.

In 2018, Restart Energy announced raised USD 30mn by issuing 400 mln MWAT tokens in an Initial Coin Offering (ICO) to finance a blockchain-based trading platform for renewable energy.

The market capitalization of MWAT as a token is now some USD 2.5 mln, according to coinmarketcap.com.

At the time of the offer, Restart Energy said it expected to strengthen its revenues from USD 20 mln in 2017 to USD 100 mln in 2018.

Now, nearly three years later, it says it aims to increase its revenues by about 80% this year, to RON 220 mln (USD 55 mln).

The growth will be driven by the liberalization of the local energy market for retail clients and new business lines with higher added value, such as equipment sales.

(Photo courtesy of the company)

iulian@romania-insider.com

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at iulian@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Restart Energy seeks EUR 3-5 mln by bond issue to finance USD 500 mln investments

Restart Energy, a Romanian entrepreneurial company developed in Timisoara by local businessman Armand Domuta, which recently announced plans for USD 500 million investments in renewable power capacities, will begin its expansion with a EUR 3-5 mln green bond issue on the Bucharest Stock Exchange.

Local brokerage firm Goldring will handle the bond issue, which will pay a yearly coupon of between 8% and 10%.

The bond offer is only the first step of the expansion plan, Restart Energy owner Armand Domuta confirmed.

"In the next five years, we aim to reach ambitious but achievable targets: renewable energy production capacity of 500 MW, 300,000 retail and business customers, and a market share of 2.5% for electricity and 1.5% for natural gas on a fully digital model. The amount obtained through this bond issue will help us achieve these objectives," Armand Domuta said in a statement.

In 2018, Restart Energy announced raised USD 30mn by issuing 400 mln MWAT tokens in an Initial Coin Offering (ICO) to finance a blockchain-based trading platform for renewable energy.

The market capitalization of MWAT as a token is now some USD 2.5 mln, according to coinmarketcap.com.

At the time of the offer, Restart Energy said it expected to strengthen its revenues from USD 20 mln in 2017 to USD 100 mln in 2018.

Now, nearly three years later, it says it aims to increase its revenues by about 80% this year, to RON 220 mln (USD 55 mln).

The growth will be driven by the liberalization of the local energy market for retail clients and new business lines with higher added value, such as equipment sales.

(Photo courtesy of the company)

iulian@romania-insider.com

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