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Programme: Programme "Competitiveness and Innovation in Enterprises" 2021-2027

Planning region: All

Description

This project proposal is aimed at using energy from renewable sources (photovoltaic system for the production of electricity for own needs) in the production process of "Europa-R" EOOD, an enterprise in the restaurant industry. Restaurants use a lot of energy for their operations, often times more than many other commercial establishments. This significant energy consumption not only highlights the need and importance of efficient energy management practices, but also highlights the potential for significant cost savings through the use of renewable energy. The implementation of the project will help "Europe-R" Ltd. to maintain its competitiveness in a saturated and highly competitive market, for enterprises of which energy costs are a significant share.
Financial benefits for the company's business operations from the implementation of the project:
- Reduced energy costs: Solar panels will generate electricity on site, which will dramatically reduce energy consumption from the grid and realize significant savings on overall energy costs;
- Protection against rising electricity costs: Solar energy offers predictability and stability against volatile and rising utility prices in the market;
- Energy independence: Producing a volume of your own energy will mean reduced dependence on the grid, which can minimize the risk of power outages. This independence will be very valuable for a restaurant whose activity and continuity of work is dependent on electrical energy;
- In the long run, using renewable energy may help reduce operating costs, increase energy independence, and improve the restaurant’s sustainability.

Environmental benefits: 
- The carbon footprint of the company's activities will decrease thanks to the use of energy from renewable sources.
None

Notes:

Elements in light blue allow detailed view when selected
All amounts are in euro (EUR) / 1 EUR = 1,95583 BGN
The project is funded by the “Technical Assistance” Programme 2021–2027, co-financed by the European Union through the European Regional Development Fund, under project BG16RFTA001-1.003-0001 “Digital transformation in the management of EU funds” and by the “National Recovery and Resilience Plan”, under Investment C10.I11 “Ensuring an adequate information and administrative environment for the implementation of the Recovery and Resilience Plan”.