SunContract Increases Solar Profitability Without Subsidy — Even for Commercial Projects
Solar Power Plant Installed at the Lenart Home for the Elderly
We are proud to announce that together with our partner SONCE energija and with infrastructure from our other partner EGING PV, we have this week completed the installation of a solar power plant at the Lenart Home for the Elderly.
As a result, The Lenart Home is effectively reducing its operation costs and carbon footprint. They have been able to achieve this without making any investment, as the investment and maintenance burden of the plant has been fully taken on by an investor.
This is a good example of how the SunContract platform can be used by parties who lack certain resources but have others, SunContract enables both parties to take advantage of both resources. In this case, the investors have money - but they do not have a roof on which to put the solar panels that they purchase. On the other hand, the Lenart Home has a roof, but it does not have the budget for solar power plant production assets. SunContract connects the two parties, providing a platform for them to share their resources and help each other achieve their business goals at a reduced financial and environmental cost.
By allowing SunContract’s partner SONCE energija to install the EGING poly crystaline modules on the roof of the home, The Lenart Home now has access to long-term electricity purchases at a lower price. The investor of the solar power plant will also receive revenue from the sale of electricity produced by the infrastructure. The 250 kWp solar power plant at the Lenart Home will generate approximately 260 MWh per year and will cover one third of the electricity of the home.
As Lenart Home is now connected to the SunContract platform, they can also purchase the remaining two thirds of electricity through the platform, directly from producers — at a lower price than traditional providers offer. Thus, their operation will be additionally cost-optimized and the energy used will be based primarily on renewable sources.
Energy from renewable sources and lower electricity expenditure
The solar power plant at the Lenart House for the Elderly is also a sign of corporate social responsibility towards the environment.
“The cost-effectiveness of the home is extremely important to us, as our caretakers need a lot of quality services, so we have to provide cost-optimization at the level of home-based activity as a whole. The decision to install a solar power plant on the roof of the house is a step in the desired direction, “said Zlatko Gričnik, director of the Lenart House for the Elderly.
He adds: “We plan to reduce the electricity costs by 5 percent. Besides the possibility of more favourable purchase price of the remaining two thirds of electricity, we are also gaining complete insight into the production and consumption of electricity. In particular, the latter will help us to more responsibly use and adjust unnecessary energy consumption accordingly.”
Investing in a solar power plant is a win-win for both partners
The installation of a solar power plant on the roof of the home in Lenart is a good investment for the investor as it has a guaranteed electricity consumer in this way at an agreed price, and at the same time the possibility of selling excess electricity produced on the SunContract platform.
“I am convinced that the solar power plant at the Lenart House of Elderly Persons is a great example of partnership and an encouragement for other companies to consider installing a solar power plant at their facilities. The fact is this: with the rise in the standard of living and the increase in population, electricity needs are rising, and this trend is anticipated to continue into the future, and consequently the price of electricity will increase,” said Jernej Škoflek, technical director of SONCE energija, EPC and SunContract Partner.
SunContract’s solar power connection brings additional benefits
The key benefits of the platform for users are the
- ability to directly agree on the price of electricity between producers and consumers,
- the transparency of blockchain technology,
- concrete electricity cost savings
- and the fact that the platform is based on renewable sources:
“We are pleased that the leadership of the Lenart House recognized the potential of the SunContract platform and collaborated with SunContract investors to install a solar power plant on their facility. From 1 January 2019, the home for the elderly buys electricity on the SunContract platform, and from today, it also purchases electricity from a solar power plant installed at their facility. Since joining SunContract, it already operates with lower costs for electricity and takes advantage of the global services that we offer on the platform itself,” said Gregor Novak, director and co-founder of the SunContract platform.
Interested in becoming an investor of future Solar Projects?
We will soon be launching a new service that will allow investors access to solar power projects that they can invest in, even if they lack the roof “real estate” for it. Join the waitlist and stay tuned for more information here.
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