North Macedonia: Rooftop solar systems for companies

, SEE Energy News

The installation of rooftop-based solar systems for business consumers in North Macedonia is offered by Electricity distributor EVN in cooperation with ProCredit Bank.

As a result of this cooperation, companies will be able to obtain loans from ProCredit Bank with interest rate of 3 % in order to finance the installation of solar systems. EVN claims that electricity bills could be reduced by up to 30 %, while EVN will purchase all the surplus electricity. The return of investment is expected in 6 to 8 years.

According to EVN, North Macedonia has more than 280 sunny days per year and the production of one solar panel can reach 1,500 kWh a year, which is far above the European average.