OTP banka using own energy sources

OTP banka is the first bank in Croatia using its own energy sources. Construction of three solar power plants in three sunny cities – Dubrovnik, Zadar and Pula – will secure part of electricity necessary for the functioning of bank's buildings.

OTP banka recently put the new solar power plant on its building in Zadar into operation; photovoltaic system of 21 kWp was realized through co-financing contract within the Environmental Protection and Energy Efficiency Fund project subsidizing use of renewable energy sources. Total value of the project amounts to HRK 313,000, out of which the Fund subsidized 40 percent of the cost, i.e. HRK 96,200. The photovoltaic system installed on this location will generate electricity which will be used for in-house consumption (air conditioning, lighting, IT, lifts etc.). Return on investment is expected within eight and a half years. 

This is OTP banka's second solar power plant. The system installed on the rooftop of Dubrovnik business center (25 kWp) has been in use for the past year. Investment into Dubrovnik-based plant amounted to HRK 361,000, completely funded by the bank. The bank also plans to construct solar power plant on the business center in Pula (30 kWp), to be realized in 2016 and 2017.

“Introduction of measures aimed at decrease of our environmental impact is part of OTP banka business strategy. As we conduct significant share of our operations in coastal cities, the possibility to use solar energy as RES in our buildings was a logical solution. We are grateful to the Fund for recognizing us as a valuable partner for the use of this subvention and we will certainly continue to develop projects aimed at development of renewable energy sources use“, stated OTP banka CEO Balázs Békeffy.

With the construction of own solar power plants, OTP banka also implements EU guidelines on energy efficiency, i.e. electricity generation on the location of consumption. Additionally, in its service portfolio OTP banka offers “Sunny loans“, loans for energy efficient housing, which record increase in demand. Within its program entitled “Green Light for Environment“ the bank aims to decrease its environmental footprint, increase energy efficiency and improve own waste management system.