The ProCredit Group inaugurated its photovoltaic park – ProEnergy, with a value of approximately EUR 2.5 million
The expected annual output of the 3 MWp solar park is 3,711 MWh, which will be able to supply up to 450 households with an average monthly electricity consumption of up to 700 kWh. In this way, ProCredit Group contributes to the energy transition in Kosovo, where 90% of electricity generated in 2022 came from coal-fired power plants, with greenhouse gas emissions and risks to health and the environment.
At the end of March 2023, green loans represented 20.2% of the ProCredit Group’s loan portfolio. This percentage represents credits totaling EUR 1.2 billion for energy efficiency, renewable energy, or other green investments. Until March 31, 2023, approximately EUR 370 million have been made available to finance a number of 1,370 photovoltaic assets.
And in Romania, ProCredit Bank has become an important actor in financing the local energy transition. In December 2022, ProCredit Bank Romania’s green loan portfolio exceeded EUR 80 million, representing a share of over 22% of the bank’s total loan portfolio. Beyond these figures, as a long-term strategic partner of its clients, ProCredit Bank Romania advises them not only on financial aspects but also on green investments.
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13.07.2023 / Andreea Dragan, Deputy-Editor-in-Chief
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