The company is an SME supplier of lighting and heat energy to a company that grows flowers in greenhouses. Due to the increased demand, the company decided to expand its production capacity and install a new co-generation unit.
The company approached PolSEFF
for an affordable financing for this investment.
The PolSEFF team performed the analysis of the proposed technology, its potential of energy savings, financial-technical parameters and profitability.
The €757,187 investment allowed the company to achieve the ultimate energy savings of 3.6 million MWh per year. The energy savings lead to cost savings, which can be seen as additional income. The investment will be repaid from energy savings only in three years. The savings arise of a more efficient use of primary energy by simultaneous production of electricity and heat, instead of electricity generation only. In addition, the company increased its supply capacity by 11 per cent and reduced the CO2 emissions by 3,286 tonnes per year.
This project has positively affected two companies – the generation company and the greenhouse – enhancing their current and future competitiveness through decreased energy costs and security of supply.
The EBRD through PolSEFF supports the sustainable financing and implementation of energy efficiency and renewable energy projects by the private sector. Together, the private, residential, and public sectors can make a change in the energy consumption patterns and contribute to environmental protection.