Kosovo's thriving SMEs harness the power of the sun for energy
EU Support Helps Kosovo SMEs Harness Solar Power and Navigate EU Integration.
22/08/2023
The sun is the main source of energy found on planet earth, and it is estimated that Kosovo has 240 days of sunlight a year. Harnessing this abundant potential and transitioning to clean energy sources, small and medium enterprises (SMEs) in Kosovo have embarked on investments in renewable energy, facilitated by the European Union (EU), reaping the associated benefits. Furthermore, these investments in renewable energy are not only aiding companies but also paving Kosovo’s path towards EU membership, which offers numerous opportunities, particularly for SMEs. Nonetheless, the journey towards adopting the acquis communautaire entails substantial regulatory changes, imposing a significant financial burden on enterprises striving to meet these new standards.
“We have installed 112kWp of solar panels, which have significantly slashed our energy outlays. Previously, we were burdened with an electricity bill of approximately 1200 euros per month. Now, our monthly expenditure is approximately 200 euros. This translates to an approximate 80% reduction in our energy costs.”
Besim Rexhi, Forma SHPKForma SHPK, a medium-sized enterprise founded in 2013 in the village of Bresalc within the municipality of Gjilan/Gnjilane, has made significant strides in its sector through unwavering dedication and hard work. Besim Rexhi, the manager at Forma Sh.p.k., highlights their primary objective of expanding into both local and international markets, attracting new customers. He underscores the critical factors contributing to their success, including a dedicated workforce and a commitment to continuous innovation in products and services.
The company presently employs 70 individuals, a considerable increase from its initial staff of 10-15 employees. Their core production involves manufacturing plastic components primarily used in transportation services, particularly for train and tram services, with Germany being their main export destination.
In a bid to curtail energy expenses and contribute to environmental conservation, Forma SHPK made an investment in solar panels through a loan facilitated by the EBRD’s Kosovo SME Competitiveness Support Programme. As part of this initiative, Forma SHPK also received invaluable free technical guidance from an international team of consultants and a cashback grant funded by the EU. Besim Rexhi, the company’s manager, lauds the remarkable outcomes stemming from this investment. “We have installed 112kWp of solar panels, which have significantly slashed our energy outlays. Previously, we were burdened with an electricity bill of approximately 1200 euros per month. Now, our monthly expenditure is approximately 200 euros. This translates to an approximate 80% reduction in our energy costs,” Rexhi proudly states.
“My only regret is that I wasn’t aware earlier of the immense advantages of renewable energy. Even though the current solar panels adequately meet my energy requirements, if possible, I would install an additional 100 panels. Embracing environmentally friendly practices not only reduces your energy expenditures but also provides a personal sense of satisfaction, knowing that you are contributing positively to our planet.”
Besim Rexhi, Forma SHPKThe company’s future roadmap encompasses a commitment to expanding exports by venturing into additional foreign markets, nurturing robust relationships with clients, suppliers, and various partners, and further enhancing the skills of their workforce. Besim also advocates for fellow businesses in Kosovo to embrace clean energy sources. “My only regret is that I wasn’t aware earlier of the immense advantages of renewable energy. Even though the current solar panels adequately meet my energy requirements, if possible, I would install an additional 100 panels. Embracing environmentally friendly practices not only reduces your energy expenditures but also provides a personal sense of satisfaction, knowing that you are contributing positively to our planet,” Rexhi concludes emphatically.
About the project
The Kosovo SME Competitiveness Support Programme was developed specifically to assist privately owned SMEs to meet the new regulations and to understand the improvement requirements in the field of environmental protection, occupational health and safety and product quality and safety. The credit line provided by the EBRD via local Partner Banks together with a 15% grant and free technical assistance funded by the European Union, helps SMEs identify their investment requirements for upgrading towards compliance with the Priority EU Directives. The free technical advice, provided by an international team of experts helps SMEs in Kosovo find the best solution to meet EU directives, become competitive in their trade with EU partners and increase their profitability at home through higher quality product and service offerings.
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Photo credits: Forma sh.p.k.