The real estate development, construction and management company Hagberg has received a loan of nearly EUR 1 million from Swedbank for the purchase of electric vehicles, a representative of the bank told the LETA News Agency.
The project also includes the installation of a new E-car charging station so as to expand upon the company’s energy-efficient infrastructure.
The total cost of the project is EUR 1.18 million. The company received EUR 171,000 from the European Union’s Recovery Fund programme for energy efficiency in businesses. This was supported by the Altum development finance institution.
Swedbank says that road transport is one of the key resources for Hagberg so as to provide services to customer sites all over Latvia. The plan to replace road vehicles with E-cars means that the company can optimise on operating costs while also cutting CO2 emissions.
The electricity that will be needed will be generated by renewable resources. Hagberg has 366 solar panels for its administrative buildings with a total capacity of 152 kW. The solar panes were installed with support from the EU, and they will provide enough electricity to charge the 31 E-vehicles that are being purchased as part of the project.
Once the new vehicles are purchased, Hagberg will have a fleet of 152 vehicles, among which 44, or around one-third, will be powered by electricity. This new procurement is expected to cut CO2 emissions by around 100.75 tonnes per year.
Source: BNS
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