Wednesday | July 06, 2022 |
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TERAPLAST SA - TRP

Application for financing through PNRR for a renewable energy project

Release Date: 6/22/2022 6:13:41 PM

IRIS Code: 2CCBB

COMMUNIQUE

TeraPlast applied for financing through PNRR for a renewable energy project

 

  • The Group wants to build a new photovoltaic powerplant
  • The Powerplant will be 4,56 MWP and will enable the reduction of the carbon footprint with 3.200 to CO2e per year
  • The total investment exceeds RON 19 million
  • The project will take 12 months to complete

 

Bistrita, June 22nd, 2022

TeraPlast Group has submitted its project „Setup of new production capacity for electrical energy from solar panels, with integrated storage units for own consumption of TeraPlast” for financing through the National Recovery and Resilience Program. The project aims to develop green energy sources in Saratel Industrial Parc by building a photovoltaic powerplant. The energy produced would be used within the Group. The application was submitted in the online platform from NRRP alongside more than 650 other projects.

 

„This ambitious project enables us to reach two of our strategic goals. First, it is an integral part of our sustainable development program and will significantly reduce the carbon footprint as committed. This project will decrease the annual CO2 emissions by 3.200 tones CO2e (CO2 equivalent). Furthermore, we will also increase our competitivity by reducing the energy costs and we will be hedged from the energy market volatility. This is even more important considering the complex market context we’re going through, and which tends to get permanent. We will keep investing in this type of solutions because they are beneficial for the business and environment alike” stated Mr. Nicolae Rosu, COO of TeraPlast Group.

 

The project is part of TeraPlast’s yearly CapEx for 2022. The total value exceeds RON 19 million. The investment includes a photovoltaic powerplant with 4,56 MWp which results in 3,8 MW AC (from inverters).

 

 

 

 

About TeraPlast Group

The Group is comprised of the companies TeraPlast, TeraGlass, TeraPlast Recycling, TeraBio Pack and Somplast. Starting July 2nd, 2008, TeraPlast SA – the parent-company of TeraPlast Group – is listed on the Bucharest Stock Exchange under the TRP symbol. The company’s shares are included in the BSE reference index, BET, and in FTSE Russell’s Small Cap and Global All Cap indices. Within the Vektor evaluation based on 15 criteria for investor relations communication, conducted by ARIR, TeraPlast obtained the maximum score, 10, for the third time in a row.

 

 

 

Contact details

Alexandra Sica

Phone: +4 0741 270 439

Email: investor.relations@teraplast.ro 

 

 



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