March 9 (SeeNews) - Croatia's fast-moving consumer goods distributor Atlantic Grupa [ZSE:ATGR-R-A] said it has put into operation its first solar power plant to cut costs and reduce carbon dioxide emissions by 3,250 tonnes per year.
The estimated annual electricity production of the Vukovina power plant will amount to 437,259 kWh, and return on investment is expected in just a year and a half, the company said in a press release on Wednesday.
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Atlantic's project partner, local energy solutions provider E.ON Solar, has mounted 1,020 photovoltaic panels with total power generating capacity of 300 kW on the rooftop of the Vukovina distribution centre near Zagreb.
The power plant will generate electricity for Atlantic's own consumption, mainly for the needs of the distribution centre, with surpluses to be transferred to the power grid.
Vukovina is the first in a series of locations that will be a part of the company’s green transformation.
“The plan is to consider all other company assets, which could be suited to the same, or similar, systems,” Marko Lazic, head of the company’s corporate asset management, said in the press release.
The company’s shares traded 0.41% higher at 49.40 euro ($52.21) intraday on Thursday.