Project Overview: Nuvocco Cement, a leading Cement Factory located in Bankura, West Bengal, has taken a significant step towards sustainability by partnering with SolarLogix, a renowned solar energy solutions provider, and Tata Power Solar, an authorized EPC channel partner. Together, they have successfully installed a 5 kW solar power system on the rooftop of Nuvocco Cement’s facility.
Key Metrics:
- Solar Generation: The installed system generates approximately 17.8 units of solar energy per day.
- Yearly Savings: Nuvocco Cement anticipates annual savings of Rs. 55,224.5 on electricity costs.
- CO2 Offset: With this solar installation, Nuvocco Cement contributes to reducing carbon emissions by 103.711 metric tons annually, which is equivalent to preserving 121.754 acres of forest each year.
- Coal Burn Avoided: The solar system helps avoid the burning of approximately 51.4345 metric tons of coal annually, a significant step towards environmental conservation.
- Petrol Consumption Avoided: By utilizing solar energy, Nuvocco Cement avoids the consumption of 44,234.3955 liters of petrol annually, equivalent to driving approximately 407,803.8515 kilometers.
- Solar Installation: The solar panels are mounted on an RCC rooftop structure, ensuring durability and efficiency.
- Financial Analysis: The return on investment (ROI) for this solar project is calculated at 18.4166666666667%, with an estimated payback period of 5.42986425339366 years.
Environmental Impact: This solar initiative not only contributes to cost savings but also demonstrates Nuvocco Cement’s commitment to environmental stewardship. By harnessing clean solar energy, the company significantly reduces its carbon footprint, mitigating the adverse effects of conventional energy sources on the environment.
Conclusion: The installation of a 5 kW solar system at Nuvocco Cement’s facility marks a significant milestone in the company’s journey towards sustainability. Through this initiative, Nuvocco Cement sets an example for the industry, showcasing how businesses can embrace renewable energy solutions to drive both economic and environmental benefits.
