Fertilizer company Harvest Minerals has begun construction of a 276,79 kWp solar plant. The main objective is to make its Arapua Fertilizer Project unit in Brazil, in Arapuá (MG), carbon free.
According to the company, the capacity of the solar park was planned to advance in accordance with the desired growth for production and sale of fertilizers.
In total, the plant will have 622 solar panels of 445 Wp and should begin operating in four months. The company estimates that the reduction in energy expenses will see an 8% drop in total mining and processing costs.
For the construction of the solar plant, the Harvest Minerals it had a financing line from Santander worth R$1 million. According to the financial institution, the credit line has attractive rates as it is linked to ESG principles, and is part of the bank's strategy to support the development of the renewable energy sector.
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“We are delighted to strengthen our zero-carbon strategy with a solar energy initiative that will not only significantly reduce our carbon footprint, but also deliver substantial and ongoing cost savings,” highlighted Brian McMaster, President of Harvest.
“Additionally, as both large agricultural customers and small retailers are increasingly looking holistically at processes along the entire supply chain in their search for high-quality, low-impact organic fertilizers, we are positioned to capture these customers and increase sales. We look forward to updating the market on our progress in the near future,” he concluded.
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