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

	Files	Size
	Albena_RE_Solar_Eng.pdf	213 kB
	Albena_RE_Solar_Bg.pdf	242 kB