Case study - Energy efficiency - Albena JSC

Albena JSC is Bulgaria’s largest tourism company with three Black Sea resorts. The company used BEERECL financing to install a solar water heating system at their Albena resort’s Kaliakra Hotel. The solar panels replaced 13 electric water heaters. The investment reduced the water heating energy costs by 92.9%.

Investment Details:

  • Total Project Cost : 225,000 EUR
  • KIDSF Grant : 38,800 EUR
  • Loan : 194,000 EUR
  • Simple Payback Period : 12.92 years
  • Internal Rate of Return : over 54 %

Estimated Annual Figures

  • Thermal energy production : 255 MWh
  • Total Cash Savings : 17,326 EUR

Project results

  • Reduced water heating costs
  • Reduced CO emissions
FilesSize
Albena_RE_Solar_Eng.pdfAlbena_RE_Solar_Eng.pdf213 kB
Albena_RE_Solar_Bg.pdfAlbena_RE_Solar_Bg.pdf242 kB