Page 45 - InterEnergo - Annual Report 2020
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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

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