Efficient use of resources is one of the key prerequisites for the competitiveness of small and medium-sized enterprises. More and more Latvian businesses are turning to sustainable solutions that not only reduce costs but also strengthen their reputation among partners and clients. One such step is the installation of solar panels for in-house electricity consumption.

Industra Bank’s long-standing client, SIA Signāls-P, has already taken this step. With financing from the bank, the company has installed solar panels that will supply electricity both for its own premises and for its tenants.

Company owner Alvydas Staknys highlights:
"We are constantly looking for opportunities to modernise, as this is a crucial prerequisite for competitiveness. Solar panels are not only green energy, but also an investment and a significant long-term cost saving. We estimate that this investment will pay off in five years, while the life cycle of the panels exceeds 15 years. I am pleased that Industra Bank is helping us to take such important steps in the company’s development."

Industra Bank Board Member Jānis Diedišķis adds:
"Industra Bank’s strategy is to support Latvian companies that think long-term and invest in sustainable growth. Small and medium-sized enterprises create a large share of jobs and are the backbone of Latvia’s economy. Financing solar panel installations helps SIA Signāls-P cut costs, improve energy efficiency, and at the same time promote a greener business environment in Latvia. We are proud to be part of this process."

Solar energy is no longer a rarity – it is chosen by both households and companies, while solar parks are rapidly developing across Latvia. Now SIA Signāls-P and its tenants will also benefit from solar energy. This not only means a friendlier environmental footprint, appreciated by the company’s office, warehouse, and other space tenants, but also significantly lower and more stable electricity costs.

The company manages 20.7 thousand square metres of warehouse, administrative, and technical space, which will now be powered by its own green energy.