The total value of the projects amounts to EUR1.26 million, of which approximately EUR260,000 will be co-financed by Agroland, it said in a report to the Bucharest Stock Exchange.
“The projects include the installation of three photovoltaic power plants within Agroland Foods Mihailesti, with a total capacity of 1.32 MW, an annual production of 1,464 MWh, and a reduction of 826 tons of CO₂ per year. At the same time, within Agroland Agribusiness Isalnita, is planned the installation of a photovoltaic power plant with a capacity of 300 kW. It will have an estimated annual production of 374 MWh and a reduction of 227 tons of CO₂ per year,” its officials said in the report.
The systems will almost entirely cover the energy needs of Agroland’s farms and feed factories. Once the four photovoltaic power plants become operational, the group’s estimated annual savings will amount to approximately EUR370,000, corresponding to a payback period of around 3.5 years for the total investment.
(English version by Loredana Fratila-Cristescu)