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Croatian hotelier Valamar sets 15% solar self-consumption target

Croatian hotelier Valamar sets 15% solar self-consumption target

Date: July 8th 2022

Author: Montel

Category: En.vision

Topic: Electricity , Renewables

Croatia's leading hotelier Valamar Riviera plans to produce 15% of the electricity it consumes from its own solar resources by 2025.

According to the company's website, Valamar currently produces 6% of the electricity it consumes from solar power plants built at its facilities.

“At the moment we have an installed capacity of 3 MW that produces 4.5 GWh annually,” Valamar said in an e-mailed statement to Montel on Thursday.

In a statement on its sustainable development plans published on 30 June, Valamar said that its goal is to achieve carbon neutrality in the first and second scope and 100% consumption of electricity produced from renewable sources by 2025.

The first and second scope refers to CO2 emissions generated by sources that the company owns or controls directly or indirectly.

“Our solar plants are located at four destinations, Porec, Rabac, Krk and Dubrovnik. We plan to upgrade our current facilities and build new ones in Makarska and Rab,” Valamar said in the statement to Montel.

The company chose not to comment on how big an investment would be needed to reach the 15% solar self-consumption target. “We will be able to communicate the details once we have the projects ready,” the company added in its statement.

Valamar also explained that its cooperation with the renewable energy developer Eon Solar is based on the ESCO financing model, in which power plants are owned by an energy service company and the electricity they produce is used by a client company - Valamar in this case.

Valamar also told Montel that it intends to reach 100% consumption of electricity from renewable sources by signing power purchase agreements (PPAs).


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