Analiza isplativosti ulaganja u obnovljive izvore energije na primjeru poduzeća Granolio d.d.

master's thesis

• Title (english): Analysis of feasibility of investments in renewable energy of Granolio d.d.
• Author: Frano Filipović
• Mentor: Andrija Sabol (mentor)
• Committee member: Ena Pecina (predsjednik povjerenstva)
• Committee member: Denis Dolinar (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Managerial Economics); Zagreb
• Defense date and country: 2023-04-20, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Economics of Entrepreneurship

Abstract

Tvrtka Granolio d.d. i njena povezana društva Zdenačka farma d.o.o i Zdenka – mliječni proizvodi d.o.o., sukladno opredjeljenosti prema energetskoj učinkovitosti i zelenom gospodarstvu i usklađenosti sa strateškim ciljevima Republike Hrvatske i Europske unije, prijavila su se na poziv Agencije za plaćanja u poljoprivredi, ribarstvu i ruralnom razvoju na Natječaj za provedbu tipa operacije 4.2.2. i 4.1.3. Korištenje obnovljivih izvora energije iz Programa ruralnog razvoja RH 2014.-2020. Svrha natječaja je povećanje učinkovitog korištenja energije te je prijavljen projekt izgradnje fotonaponske elektrane na četiri lokacije u sklopu Granolio grupe kako bi se omogućile uštede troškova električne struje. Ukupna vrijednost investicije Granolia i povezanih društava temeljem navedenih ugovora i s njima povezanih ugovora neophodnih za realizaciju investicije iznosila je 31,19 milijuna kn (4,12 milijuna €), a financirana je dijelom kroz poslovnu suradnju s tvrtkom HEP – ESCO i iz vlastitih sredstava. U ovom radu prikazat će se analiza isplativosti ulaganja kao i izračun uštede energije prilikom izgradnje fotonaponskih elektrana. Radi se o ukupno četiri solarne elektrane, u sklopu mlinova PJ mlin Farina u Gornjem Dragancu, PJ mlin Kopanica u Velikoj Kopanici, te u sklopu farme mliječnih krava, Zdenačka farma d.o.o. u Velikim Zdencima, te u sklopu mliječne industrije Zdenka - mliječni proizvodi d.o.o. također u Velikim Zdencima. Analiza isplativosti projekta izračunata je putem temeljnih i dodatnih metoda budžetiranja kapitala. Uz profitabilnost projekta, dokazana je i važnost strategije, strategijskog planiranja te donošenja pravodobnih odluka uz kontinuirano i detaljno praćenje tržišnih kretanja.

Abstract (english)

The company Granolio, plc and its related companies Zdenačka farma d.o.o. and Zdenka – mliječni proizvodi d.o.o., in accordance with their commitment to energy efficiency and the green economy and compliance with the strategic goals of the Republic of Croatia and the European Union, have applied at the invitation of the Agency for Payments in Agriculture, Fisheries and Rural Development to the Tender for implementation of the type of operation 4.2.2. and 4.1.3. Use of renewable energy sources from the Rural Development Program of the Republic of Croatia 2014-2020. The purpose of the tender is to increase the efficient use of energy, and the project of building a photovoltaic power plant at four locations within the Granolio Group in order to enable savings in electricity costs. The total value of the investment by Granolio d.d. and related companies based on the contracts and related contracts necessary for the realization of the investment amounted to 31.19 kn (4.12 milion €), and it was partly financed through business cooperation with the company HEP – ESCO and from its own funds. This final thesis will present the analysis of investment profitability as well as the calculation of energy costs savings during the construction of photovoltaic power plants. It is a total of four solar power plants, as part of the mills PJ mlin Farina in Gornji Draganec, Pj mlin Kopanica in Velika Kopanica, and as part of the dairy cow farm, Zdenačka farma d.o.o. in Veliki Zdenci and within the dairy industry Zdenka – mliječni proizvodi d.o.o. also in Veliki Zdenci. The profitability analysis of the project was calculated using basic and additional methods of capital budgeting. In addition to the profitability of the project, the importance of strategy, strategic planning and making timely decisions with continuous and detailed monitoring of market trends has been proven.

• Keywords: budžetiranje kapitala; investicijski projekt; poslovna analiza; financijski izvještaji; vanjsko okruženje; strategija; strategijsko planiranje; obnovljivi izvori energije; održivi razvoj poduzeća; društveno odgovorno poslovanje
• Keywords (english): capital budgeting; investment project; business analysis; financial statements; external environment; strategy; strategic planning; renewable energy; sustainable business development; corporate social responsibility
• Language: croatian
• URN:NBN: urn:nbn:hr:148:852558
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2023-04-27 12:34:26