The company has installed a Solar Photovoltaic Plant, with an installed power of 493 kW, which will be able to provide 100% of the energy required for refrigerating operations.
“Energy savings are significant because refrigerators consume a large volume of electricity” – said the administrator of the enterprise, Vitalie Mursa.
According to the estimates, the investment will generate approximately 570 MWh of green electricity per year and will contribute to the reduction of greenhouse gas emissions by 748 tCO2.
Spandor SRL applied for a GEFF loan through maib to finance the investment, requesting a loan for EUR 360,000.
The photovoltaic systems were selected from the EBRD’s Green Technology Selector, an online database with more than 30,000 high performing products that contribute to energy savings and other environmental benefits.
“I already have experience using renewable energy from a previous project. We have a sea buckthorn orchard in the Orhei district, Dîșcova village, where the refrigerators are also powered by a solar photovoltaic system of 153 kW” -said Vitalie Mursa.
The Republic of Moldova continues to be very reliant on energy imports, which have even become more unpredictable in recent years as a result of the instability of the local energy market. The local energy environment has been made worse by this uncertainty (also linked to the current war in Ukraine), which has led to a sharp increase in energy prices. As a result, the growth of renewable energy sources, such as the solar photovoltaic system installed by Spandor SRL, will aid the nation in strengthening its overall resilience, improving its balance of payments, energy supply security, and energy mix.
GEFF is a program of the European Bank for Reconstruction and Development (EBRD), implemented in 28 countries, which provided financing of over 5 billion euros to more than 218 thousand companies and individuals, thus avoiding CO2 emissions of over 9.5 million tons annually.
In Moldova, GEFF offers financing through maib. The credit limit for green projects with pre-approved technologies is EUR 300,000. If a client needs a larger loan (up to EUR 500,000 in the residential sector and up to EUR 5 million in the non-residential private sectors), GEFF experts carry out a more in-depth technical assessment of the project to verify full technical eligibility.
The GEFF in the Republic of Moldova is a product of the European Bank for Reconstruction and Development (EBRD) supported by the Green Climate Fund (GCF) and the Turkish Ministry of Finance and Treasury.
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