Renewables

OTP bank installs photovoltaic unit in Zadar

Published

August 25, 2016

Country

Comments

0

Share

Published:

August 25, 2016

Country:

Comments:

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

Mitsotakis In face climate devastation new Greece emerging

Mitsotakis: In face of climate devastation, new Greece is emerging

04 December 2023 - Highlighting this year's catastrophic wildfires and floods, PM Kyriakos Mitsotakis said at COP28 that a new Greece is emerging nevertheless

slovenia fee municipalities wind farms

Municipalities in Slovenia to get EUR 200,000 per MW of installed wind farm capacity

01 December 2023 - Incentives are another attempt to speed up wind farm projects in Slovenia, which hosts only three wind turbines

Sustainability risk management key Croatia green transition

HROTE’s Budimir: Sustainability, risk management are key for Croatia’s green transition

01 December 2023 - Ne CEO of Croatia's regulatory body HROTE Darjan Budimir says sustainable business models and quality in risk management are key for a successful green transition

Greece launch first guarantees origin auction early January

Greece to launch first guarantees of origin auction in early January

30 November 2023 - The first guarantees of origin of electricity in Greece are reportedly planned to be auctioned in the first half of January