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

hydrogen-strategy-outline

Serbia could develop 100 MW of hydrogen capacity by 2030

27 February 2021 - The first phase of Serbia’s hydrogen transition, until 2025, should see the development of 10 MW of electrolysis plants using renewable energy, while the target in the second phase, until 2030, is 100 MW.

EU's Timmermans Coal no future workers

EU’s Timmermans: Coal has no future but coal sector workers do

25 February 2021 - The European Commission's Executive Vice-President says the EU needs to help the fossil fuel sector to abandon coal, but also oil and petrochemicals

Chimcomplex hydrogen

Romania’s Chimcomplex eyes EUR 1 billion investment in hydrogen facility 

25 February 2021 - The chemicals producer plans the construction of a hydrogen production plant at the location of its Oltchim plant in Vâlcea.

BiH wind farms pipeline 2 2 GW

BiH has wind farms in pipeline with 2.2 GW in total capacity

25 February 2021 - Active projects in various stages of development in BiH may add up to 2.2 GW in wind farms to the country's electricity production capacity