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

Third utility-scale solar power plant to be installed in Herzegovina etmax

Third utility-scale solar power plant planned to be developed in Herzegovina

17 September 2021 - The Government of the Republic Srpska decided to initiate the procedure for granting a concession for the Nevesinje PV plant.

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

timmermans-energy-price-green-transition

Timmermans: energy price hikes should speed up green transition, not slow it down

17 September 2021 - Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund