Business news from Ukraine

Raiffeisen installs first solar power plant in branch

25 August , 2024  

Raiffeisen Bank (Kyiv) has installed the first solar power plant in a branch located in Obolon district of the capital as part of the implementation of autonomous power sources, the financial institution said on Thursday.
“The 15 kW power plant will ensure uninterrupted provision of financial services even during prolonged power outages. The transition to solar generation also helps to significantly reduce the cost of fuel, generator maintenance and capital repairs,” it said.
It is noted that solar power plants will be used as the main source of electricity and, according to experts, will pay off in 7 years.
Recently, the Ministry of Finance announced the installation of 118 solar roof panels with an area of 310 square meters with a total capacity of 60 kW at its capital office.
“Also, 2 heating stations were modernized, more than 2 km of pipelines were insulated, 558 public lighting fixtures and 42 outdoor lighting fixtures were replaced with more economical ones, more than 200 windows were modernized to reduce heat infiltration and a building energy monitoring system was introduced,” the Ministry of Finance said.
These changes are expected to reduce electricity consumption by 20% and save more than UAH 1.3 million per year.
The Ministry of Finance clarified that these measures were implemented with the support of the German Society for International Cooperation (GIZ) under the project “Promotion of Energy Efficiency and Implementation of the EU Energy Efficiency Directive in Ukraine”.
Minister of Finance Sergii Marchenko added that the work on the energy efficiency of the administrative building is only the first of a number of activities in the framework of cooperation with partners. In particular, the Ministry of Finance plans to modernize the air conditioning and supply and exhaust ventilation systems, as well as to install an energy-efficient glass roof over the building’s atrium.
“After the implementation of all project steps, the building of the Ministry of Finance will become the first government building in Ukraine with a Class A energy efficiency certificate,” the Ministry emphasized in its release.

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