Renewables

EVN, ProCredit Bank offer installation of PV systems for companies

EVN-ProCredit-Bank-installation-of-PV-systems-for-companies

Photo: Pixabay

Published

July 24, 2020

Country

Comments

0

Share

Published:

July 24, 2020

Country:

Comments:

0

Share

Power distribution company EVN and ProCredit Bank have created an offer for business consumers interested in the installation of photovoltaic systems. Use of renewable energy can lower businesses’ electricity bills, and help in reducing CO2 emissions.

Companies will be able to use ProCredit bank’s loans in order to finance the PV systems provided by EVN.

According to the EVN, this offer can solve two biggest challenges experienced by the customers – the need for a professional and quality service, and financing.

Bills can be reduced by over 30%, while the surplus energy can be sold on the market

Electricity costs can be reduced by over 30%, the surplus energy can be sold on the market, while the return of investment can be expected in the period of 6 to 8 years, EVN said.

By installing PV systems, customers also raise awareness about sustainable development in the country.

Loan line is designed for all legal entities with an interest rate from 3%

The ProCredit Bank’s loan line is designed for all legal entities with an interest rate from 3% and without a fee for granting the loan.

According to EVN, North Macedonia has more than 280 sunny days per year and the production of one PV panel can reach 1,500 kWh a year, which is far above the European average.

EVN will purchase surplus energy

Ilija Kjiroski, Head of Value-Added Energy Services Group at EVN Snabduvanje, said that the company will be creating a personalized turnkey solution.

The design will be made after an analysis of consumption, and the facility, while EVN will also deliver and install PV systems. The company will also purchase surplus energy.

Banks in ProCredit group have so far financed installed capacity of over 80 MW in this type of projects which contribute to the reduction of more than 68,000 tons of CO2, said Metodija Minoski, Head of Environmental Management Department of ProCredit Bank.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

PPC progress Mesochora hydropower irrigation

PPC making progress with Mesochora hydropower, irrigation project

23 September 2022 - The environmental impact study for the Mesochora hydropower plant in Greece is finished and expropriation is advancing, a news report said

terra solar lebane investment

Terra Solar to install 8 MW solar power plant in southern Serbia

23 September 2022 - Representatives of the company Terra Solar visited the Municipality of Lebane to present the solar power plant project

Macron France solely renewables nuclear alone

Macron: France can’t rely either on renewables or on nuclear power alone

23 September 2022 - President Emmanuel Macron inaugurated France's first offshore wind park and promised to speed up renewable energy and nuclear power projects

ProfesSor Nikola Rajakovic

EPS’ transformation through development of new renewables capacities guarantees secure electricity supply in Serbia

21 September 2022 - The energy sector in Serbia is at a historic turning point after breakdowns in obsolete...