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

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

24 March 2026 - Nordex Group received an order for the supply and installation of eleven N175/6.X wind turbines for the Jasikovo wind farm in eastern Serbia

Serbian student team H-Bridges IEEE IFEC 2026 semifinals IEEE APEC conference

Serbian student team H-Bridges in IEEE IFEC 2026 semifinals at IEEE APEC conference

24 March 2026 - The H-Bridges student team from Serbia is in the semifinals of the International Future Energy Challenge (IFEC) competition in San Antonio, California, within the IEEE Applied Power Electronics Conference and Exposition.

World adds record 814 GW of solar wind in 2025

World adds record 814 GW of solar, wind in 2025

23 March 2026 - The world expanded its solar and wind power capacity by a record 814 GW altogether last year, or 17% more than in 2024, Ember found

Dama Solar rezolv in Romania expanded to become Europe's biggest PV project

Dama Solar in Romania expanded to become Europe’s biggest PV project

23 March 2026 - With its 1.3 GW, Rezolv Energy's Dama Solar would be the biggest photovoltaic plant in Europe, excluding Turkey