piraeus bank group


Photovoltaics on the Bank’s buildings

Currently, photovoltaic systems are one of the most advanced and "environmentally clean" electricity production technologies. They use solar radiation, the most available source of energy on the planet, and produce electricity.

Wishing to contribute to the efforts made to address climate change, Piraeus Bank has implemented a pilot installation of photovoltaic systems with a total capacity of 45 KW in 4 of its buildings. Through the operation of photovoltaic systems, Piraeus Bank will produce "clean" electricity thus avoiding the emission of 56 tonnes of CO2 annually i.e. the amount that 4,200 trees would absorb in one year.

Energy Control

In 2008, Piraeus Bank installed a pilot Building Energy Management System (BEMS) at 38 branches and buildings in various parts of Greece. In sites under renovation BEMS are being installed and there are 180 sites with BEMS until 2015. BEMS record and control correctly selected parameters. Specifically, the following are fully controlled via BEMS:

  • Lighting: security and external neon signs;.
  • Air conditioning: activation or deactivation of air conditioning system depending on indoor and outdoor temperature, and also building operating hours, display of alarms in the event of malfunction;
  • Ventilation: time programming according to building operating hours.
  • Recording of malfunctions in real time and sending alarm warnings.

The installation of these systems is expected to contribute to savings of 430 MWh/year as of 2009 (preventing the emission of 365 tonnes of CO2/year) through suitable corrective actions in the energy management of the Bank's buildings. This action began in the Bank through its participation in the European Green Building programme.

Remote Lighting

For a number of years, 310 Piraeus Bank branches have been served by the "Remote Light Control" system for remote management of external lighting, security lighting and ventilation machinery installed at these branches. The result of this effort in 2008 was a 5.5% reduction in average monthly consumption in buildings where the system was installed.

This action was carried out with co-funding through the European Green Light programme, while it received an award for the application at the building located at 87, Syggrou Avenue, Athens.

Installation of Sensors

Energy consumption constitutes the greatest impact on the Bank’s environmental footprint. The unit responsible for this issue conducts building and branch renovations, with the aim of reducing energy-consumption, among others. One of the most significant interventions that is implemented is the installation of motion sensors in WCs.