Investment Plan for Almopia Municipality (EUCF)
Our firm recently completed the Municipality of Almopia's Investment Plan within the European City Facility (EUCF) program.
The Investment Concept was "INCREASING ENERGY EFFICIENCY AND UTILIZATION OF RENEWABLE ENERGY SOURCES IN THE MUNICIPALITY OF ALMOPIA BUILDINGS AND RAISING AWARENESS OF LOCAL CITIZENS"
The investment Concept (IC) focuses on enhancing energy efficiency in 33 municipal buildings in the Municipality of Almopia by implementing integrated energy interventions. The goal is to reduce energy consumption, limit GHG emissions, and produce renewable energy through solar panel installations. Key measures include thermal insulation, double glazing, modern heating systems, LED lighting, air sealing, and BMS (Building Management System). The program also involves public lighting upgrades by replacing 31,870 lamps with solar-powered LEDs, achieving a 60% energy reduction. Awareness and educational actions aim to inform employees, citizens and students about energy efficiency practices through webinars, staff training, and educational programs. The intended measures will reduce reliance on non-renewable sources and the municipality's carbon footprint, ensure financial savings, and align Almopia with EU energy goals, fostering a cleaner, more energy-efficient and sustainable future.
Key Financial Metrics :
- Funding Sources: 6
- Total Investment: 29 million euro (CAPEX)
- OPEX: 2 million euro/year
- Revenue: 310000 euro/year
- Equity IRR: 24,03%
- Project IRR: 7,25%
- Payback Period: 8 years
- NPV: 18,2 million euro
Key Impact Metrics :
- CO2 avoided: 15128,49 tCO2eq/y
- Energy savings: 8,21 GWh/y
- Renewable energy production: 8,66 GWh/y
- Job creation: 38 Jobs
- Contribution to 4 SDGs: 7, 9, 11, 13