The client is an SME car repair company in Saint-Petersburgh, which provides highly demanded and top quality services.
To stay competitive in a saturated market, the company decided to invest in modernization and reduction of production costs. The company contacted RuSEFF
for advisory package and financing of the project.
The RuSEFF team supported the company with a free-of-charge energy assessment of the company and its production facilities, defining the potential energy saving measures, their profitability and effect.
The suggested project comprised replacement of outdated, worn out and energy intensive air compressors and gas burners.
The €20,000 investment allows the company to decrease its energy consumption by 140 MWh per year, leading to €5,000 of cost savings per year. This means the investment will be repaid from energy savings only in just five years. The cost savings can be seen as company's additional income in future. The company will feel the benefits of these measures immediately in the reduced energy bill and improved operations. In addition, the company reduced its CO2 emissions by 25 tonnes per year, making its small, but important input to mitigation of the negative effect of human activity on climate.
This project demonstrates that energy efficiency investments are possible and profitable even at small service enterprises. Therefore, it is worth checking the energy saving potential of possible investment measures to choose the most profitable and attractive investment.
The EBRD through RuSEFF supports the sustainable financing and implementation of energy efficiency and renewable energy projects by private sector. Together, the private, residential, and public sectors can make a change in the energy consumption patterns and contribute to environmental protection.