A clothing company in Bulgaria producing leisure and sportswear planned to decrease its electricity consumption in order to stay competitive at the market.
In line with the set target, the company applied to BEECIFF for the loan for such project.
The project consisted of insulation of exterior walls and part of the roof, replacement of existing woodwork with PVC, switch of heating system from electricity to natural gas, installation of the new gas heat pump.
The company benefitted from the BEECIFF's pre-approved high performance technologies in the online Technology Selector. The listed technologies meet the high energy efficiency standards and help borrowers with the choice of the necessary equipment and materials and smooth project implementation.
The €155,201 investment allowed the company to decrease its energy, operation and maintenance costs by €41,500 per year. This means that the investment will be repaid out of savings in slightly over three years, turning the future cash-flows into a company's income. 97 per cent of costs savings are generated by the reduced energy consumption.
This project proves once again that investments in energy efficiency and renewable energy are very profitable and may lead to other additional benefits, like increased quality and quantity of production, better environment and working conditions, more efficient processes and improved company’s image.