Renewables

OTP bank installs photovoltaic unit in Zadar

Published

August 25, 2016

Country

Comments

comments icon

0

Share

Published:

August 25, 2016

Country:

Comments:

comments icon

0

Share

OTP banka d.d. said it is the first in Croatia using its own energy sources. The construction of solar power units in Dubrovnik, Zadar and Pula will secure a part of electricity for its buildings, according to a statement issued at the beginning of this month.

The bank headquartered in Hungary recently put the new solar power plant into operation on its building in Zadar in the Balkan country’s southern region of Dalmatia. The photovoltaic system of 21 kW was funded through a co-financing contract within a project of  the Environmental Protection and Energy Efficiency Fund for subsidizing the use of renewable energy sources. According to the statement, total value of the project is HRK 313,000 (EUR 42,000), out of which the fund provided 40%. The photovoltaic system generates power for in-house consumption like in air conditioning, lighting, information technology and lifts. The return on investment is expected within eight and a half years, the bank said.

This is OTP’s second solar power plant. A 25 kW system installed on the rooftop of Dubrovnik business centre has been in use for the past year. Investment into the facility amounted to EUR 48,000, completely funded by the bank. OTP said it also plans to construct a 30 kW solar power plant on top of the business center in Pula by next year.

Related Articles

Uncompetitiveness holds EU far behind green hydrogen targets

Uncompetitiveness holding EU far behind green hydrogen targets

05 December 2025 - Several high-profile renewable hydrogen projects have been canceled and major companies reduced their decarbonization ambitions, ACER said

Greenvolt GE Vernova wind turbines 250 MW project in Romania

Greenvolt orders GE Vernova wind turbines for its 250 MW project in Romania

05 December 2025 - GE Vernova said it would start delivering 42 wind turbines next year to Greenvolt Power for the Gurbănești project near Bucharest

Wpd obtains wind power approvals in Greece for 225 MW

Wpd obtains wind power approvals in Greece for 225 MW

04 December 2025 - Wpd has won environmental approvals for a wind power project of 147.6 MW in Central Greece and one for 77 MW in Thrace

bih serbia elnos Sinohydro powerchina vetrozelena wind farm contract

Elnos to construct grid connection for wind farm Vetrozelena in Serbia

04 December 2025 - Vetrozelena, with its planned 300 MW, is the largest wind power plant under construction in Serbia