Page 44 - InterEnergo - Annual Report 2020

Interenergo Business report Interenergo Business report

Environmental liability Financial management

In accordance with our focus on providing electricity heating and preparation of sanitary drinking water. In 2020, the company was marked by a markedly standardized futures contracts, which brought the
from renewable sources, we have been investing In the field of heat, we strive to use renewable increased and development-oriented investment company a significant reduction in credit risk and
intensively in green technologies directly or through energy sources and industrial waste heat. Regular activity in the segment of investments in RES and more market opportunities due to greater liquidity
subsidiaries for more than ten years, at first emissions measurements are serving as proof of also in the segment of energy services. We have of these markets compared to physical ones. As
exclusively in hydropower and solar energy, and the environmental integrity of our district heating invested as much as EUR 36.9 million in investments revenues from electricity trading on the financial
from 2019 also in wind energy. We are constantly systems. These measurements have so far always and new projects, which is approximately twice the markets are shown in the netted amount, the
looking for energy solutions that go in the direction confirmed that all emissions from our systems are usual investment activity in previous years. We revenues in the company’s financial statements are
of the transition to a low-carbon society, and strive at least five times lower than the limit values. invested the most in projects in the field of electricity lower, which is only due to a different presentation
to produce clean energy from water, wind and In 2020, we joined the Centre for Energy Efficient production from renewable energy sources, namely of revenues generated on the financial markets
sun, which are environmentally friendly sources. Solutions (CER), a network of advanced companies a total of EUR 31.3 million, of which EUR 23.7 million compared to those generated on the physical market.
In various areas of business, we are introducing and organisations from various sectors that strive in wind technology projects, EUR 7.2 million in hydro Although the business performance in 2020 did not
digitalization and new technologies that have positive for a leading role in promoting and developing technology projects and EUR 0.4 million in solar reach the level of 2019, which was exceptional, it
effects on the environment. technology projects. In addition, we invested EUR 5.6
a climate-neutral economy. At their invitation, was significantly higher than the long-term average,
Slovenia is a country enriched with forests, and we joined the alliance for a green, smart and million in energy systems, of which EUR 2.6 million in despite the extraordinary situation in connection
almost all municipalities have a part of the territory technologically advanced Slovenia. We also joined district heating systems and EUR 3 million in energy with the global pandemic; the company managed
overgrown with forests, which theoretically the “Tap Water” initiative and committed ourselves contracting projects. to generate EBITDA of EUR 5.4 million, which clearly
represents the potential of wood biomass. to encouraging and raising the awareness of our In the field of electricity trading, we continued to shift shows the robustness and sustainability of the
Interenergo’s district heating systems use flat employees, partners, subcontractors and other trading from the previously predominantly physical company’s business model.
wood biomass in the form of wood chips or pellets, stakeholders, that drinking tap water is healthier electricity supply market to financial trading with
which are a domestic and renewable energy source. and more environmentally friendly than reaching
Therefore, more and more municipalities are opting for pre-packaged water.
for a wood biomass district heating system for space Figure: Structure of investments by type of technology in 2020 in EUR million

2.97; 8% 0.12; 0%

2.59; 7%

0.36; 1%

7.19; 20% 23.67; 64%

Wind Hydro Solar District heating systems Other energy systems Other

42 Integrated Annual Report 2020 Integrated Annual Report 2020 43