June 6 (SeeNews) - Croatian manufacturer of road service and maintenance technology RASCO said it will cover 70% of its electricity needs by solar energy, following an investment of almost 803,000 euro ($857,000) in a project to increase the use of renewable energy and energy efficiency.
The greater part of the project costs, as well as the energy savings to be achieved through this project, relate to the installation of a 324 kWh photovoltaic system on the roof of the production hall in Kalinovac, northern Croatia, it said in a press release on its website.
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The project, which is nearing completion, will result in total annual energy savings of 566,205 kWh. Of these, the new solar power plant will generate 446,287 kWh of renewable energy annually, replacing conventional energy sources, and the remaining 119,918 kWh will be saved through energy efficiency measures.
In total, CO2 emissions are expected to be reduced by 172 tonnes per year.
The company has received a 378,858 euro grant for the project from the European Union funds through the European Regional Development Fund 2021.
This is the second photovoltaic power plant that RASCO has invested in over the last five years.
RASCO is a family business, founded in 1990. It manufactures markets snow ploughs, salt spreaders, crane mowers, street sweeping brushes and associated vehicle upgrades.
($ = 0.937 euro)