Zubak Grupa invests 1.8 million euros in solar power plants

Zubak Grupa installed 13,000 square meters of solar panels with a total capacity of 2.09 MW at its four largest locations in 2024, which is expected to reduce CO2 emissions by 407 tons annually. At all four locations, the panels were installed to meet their own needs, while solar power plants for the production and sale of electricity were built at two of them.

For Zubak Grupa, a leading employer in Croatia and one of the top companies in the automotive industry, this is a significant step towards sustainable business practices and reducing operational costs.

The total investment in this project amounts to 1.8 million euros, and it is estimated that the annual savings on electricity costs, combined with revenues from electricity production, will exceed 50 percent. The investors are Zubak Grupa d.o.o. and AutoZubak Zagreb d.o.o.

The solar power plants were installed at Zubak Grupa’s four largest locations – in Dumovec, Sesvete, Sesvetski Kraljevec, and Velika Gorica, and were put into operation in August of this year. This is a continuation of Zubak Grupa’s larger initiative towards greener, sustainable business practices.

One of the key goals of the solar power plants is, in addition to reducing costs, to decrease greenhouse gas emissions. Four solar power plants of this size are equivalent to planting as many as 16,000 trees.

– This solar power project represents a significant step for Zubak Grupa towards more sustainable business practices and fits perfectly into our ESG strategy. The project is fully financed from our own resources, and we are pleased and happy to be able to invest independently in such projects. However, we are simultaneously disappointed that not a single public call for co-financing the use of renewable energy sources for large companies, whether from European structural and investment funds or FZOEU, has been directed towards activities outside of manufacturing or processing. On one hand, new and stricter sustainability requirements are being imposed on large companies, regardless of the activities they engage in, while on the other hand, we are being discriminated against in this way. The goal should be to provide equal conditions for everyone, rather than favoring certain activities, and I hope this will change in the future, said Ivan Zubak, CEO of Zubak Grupa, who does not hide his pride in finalizing this significant project.