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

Planning region: All

Description

MODAK Ltd. is a company that has been sustainably developing its business operations for nearly 30 years in the field of clothing manufacturing.

At present, the enterprise is facing numerous challenges, including dealing with the liberalization of the electricity market, which has led to a critical increase in prices during certain time periods.

Support for the implementation of a photovoltaic (PV) power plant with battery storage for self-consumption will help the enterprise maintain its competitiveness and continue to pursue its investment plans.

The significant rise in the price of electricity and biomass has made it impossible for the company to achieve its planned short-term business goals and has created the need for an urgent revision of its investment policy, with a focus on prioritizing and promptly reducing energy costs and limiting the drastic increase in the production cost of its products.

Target group:
Medium-sized enterprise – MODAK Ltd. and its employees, operating in the field of textile clothing manufacturing.

Main areas of planned investments under the project:
• Utilization of renewable energy sources (RES) for heating and cooling, including achieving sustainability goals and reducing operational costs.

Planned results:
• Implementation and operation of a 30 kW photovoltaic (PV) system (inverter output capacity), combined with battery storage, leading to reduced grid electricity consumption, lower costs, and enhanced resilience of the enterprise.

Activities:
• Improvement of energy efficiency and use of renewable energy sources within the enterprise through the installation of a 30 kW PV system (inverter output capacity) combined with battery storage.
None

Notes:

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All amounts are in euro (EUR) / 1 EUR = 1,95583 BGN
The project is financed by the Operational Programme "Technical Assistance" and co-financed by the European Union through the European Regional Development Fund.
In implementing the project № 0115-CCU-2.1 "Information system for management and monitoring of EU funds in 2014-2020 - UMIS 2020" (BG161PO002-2.1.01-0007-C0001).
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