Peace and Frendship Stadium

Sport facility type

• Indoor sports hall
• Indoor sports centre
• Outdoor courts of artificial or natural grass
• Outdoor courts of other materials (non-grass)

Is the facility part of the sports complex?

No

Description

The Peace and Friendship Stadium is a multi-purpose indoor arena that is located in Piraeus, on the coastal zone of Attica, Greece. The arena is mostly known for being the home to EuroLeague team Olympiacos, and is the central venue of the Faliro Coastal Zone Olympic Complex. It opened in 1985 and its design was inspired by Palasport di San Siro.

Size

• Indoor Space: 8 803 m²
• Outdoor Space: 43 544 m²

Other relevant information about the sports facility

Sustainability pillars of the innovation'

• Energy

Subcategories

• Lighting: Installation of LED lighting, presence or brightness control systems.

Innovation description

At the Peace and Friendship Stadium, a Net Metering system was implemented with an investment of €30,000, enabling self-production of electricity and offsetting with the energy provider. The installation led to annual savings of approximately 276,138.3 kWh (7.9% reduction), significant CO₂ emission reductions, and a payback period of 12 years, with a 30-year lifespan and an overall ROI of around 5.5%

Innovation Type

Process innovation

Approximate cost of investment in innovation (in €, excluding VAT)

30.000€

Aid or subsidy to encourage the implementation of the innovation

yes

Years for the return on investment (ROI)

The investment in the Met Metering program had a cost of €30,000. The system’s lifetime is 30 years, and the payback period is approximately 12 years, achieved through savings of about €500,000, which are deducted from the electricity provider’s costs and used to repay the capital. The total return on investment corresponds to approximately 5,5% ROI over the system’s lifecycle.

Pros of the Innovation

Reducing emissions and costs through renewables and energy-efficient systems.

Cons of the Innovation

High initial installation cost and dependence on weather conditions.

Facility Indicators

Other sustainability measures you have introduced

• Solar panels

Other relevant information related with innovation

The implementation of the innovation leads to significant reductions in energy costs and contributes to the sustainability of the stadium. The annual savings of approximately 276,138.3 kWh (7.9% reduction) also translate into lower CO₂ emissions. Additionally, the cost–benefit relationship shows an approximate 5.5% annual yield compared to the initial investment, further strengthening the project’s financial sustainability.

Interest in a specific need that can be addressed by a company offering an innovative sustainability solution.

There is no relevant study yet