Don Agro International, on Oct 3, announced that it has completed a solar power plant installation that will reduce its carbon emissions by 20.7 tonnes a year.
The plant has been installed with 72 high-efficiency solar batteries with a capacity of 32 kilowatts to generate 39,000 kilowatt-hours (kWh) annually.
The complex turnkey solution was implemented by Clever Energy LLC with a Fronius grid inverter produced in Austria.
According to Clever Energy’s calculations, the financial benefit from the solar energy generated by the power plant should exceed $84,1791 over ten years, says Don Agro in its Oct 3 statement.
The solar power plant will be supplying green energy to Don Agro’s office building in the area. The shift to green energy should pay off in 5.5 years, based on the number of sunny days in the Rostov region, says the company.
“Sustainability is a top priority for our team. That is why, for several years now, we have been implementing technologies for reducing the impact on the environment. We were among the first in the Rostov region to use the no-till farming method, which prevents soil erosion and reduces the exhaust gases emitted into the atmosphere by the vehicles,” says Marat Devlet-Kildeyev, CEO of Don Agro International.
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“Green energy is the logical next step in implementing our ESG strategy as it will reduce not only environmental damage but also financial costs in the long term. Don Agro has no intention of stopping its sustainability efforts and will continue to explore methods for further improvement,” he adds.
Dmitry Konyaev, development director of Clever Energy LLC, says, “Over the past few years, agricultural enterprises have been willingly switching to renewable energy. The agricultural sector ranks in the top three in the number of solar power plants built in Russia by industry and the installed capacity of their stations approached 4 MW this year. We expect that the stations will help our partners preserve and maintain the environment and cut the fixed costs of energy supply.”
As at 10.31am, shares in Don Agro are trading flat at 23.5 cents.
