Shinghal Agri Industries Leads With Solar Energy Investment

While energy prices increase and environmental concerns rise, solar power provides industries with a viable alternative for sustainability and cost-effectiveness. Using solar power, industries can decrease dependence on fossil fuels, lower electricity bills, and reduce carbon emissions. Solar power aligns with national clean energy objectives and provides long-term financial returns, making it a sound investment for industries that aim for sustainability and energy self-sufficiency.

Shinghal Agri Industries' Investment in Solar Energy
Shinghal Agri Industries invested ₹2.44 crore in a 500-kilowatt rooftop solar project commissioned by Orb Energy. This initiative helps the company generate around 60,000 units of electricity each month during peak periods, with an insignificant reliance on conventional sources of energy. Solar power helps reduce electricity costs and carbon emission.

Energy Savings and Carbon Reduction
The solar system on the roof produces 1,900 kilowatt-hours of electricity on average every day, and around  693,000 kilowatt-hours every year. This transition to green energy reduces carbon emissions by around 620 tonnes every year.

Mukesh Kumar Dhandhania, Director of Shinghal Agri Industries, said: "Industries use most of the country's electricity, and hence sustainable energy solutions are the need of the hour. Being in line with the government's 2070 net-zero plans assures long-term sustainability. High upfront capital is a drawback, but then there are financing options available. We were able to recover our solar panel investment within five years."

E-waste Recycling and Circular Economy
The firm observes sustainable e-waste disposal measures. Retired solar panels are broken down into elements such as aluminum, glass, EVA, and silica, which are then taken to government-approved recyclers. Silica waste is crushed into powder form for use in the semiconductor sector, and it promotes circularity and mitigates industrial waste.

Financial Returns and Energy Efficiency
With an installed capacity of 500 kWp (DC) through Mono PERC 450Wp solar photovoltaic modules, the solar system will produce 7,30,000 units of electricity annually, reducing electricity bills by ₹50 lakhs per year. The panels are installed on a factory shed, and the plant uses around 60,000 units per month during peak months. The project has a net metering system, utilizing solar power for self-use without selling excess power to the grid.

Industry View of Rooftop Solar
Shinghal Agri Industries valued Orb Energy's technical knowledge and funding opportunities, which ensured a smooth transition to solar power.

"We are happy with Orb Energy's technical assistance. Their detailed explanation of rooftop solar advantages and in-built financing made it an easy decision."

Through the use of solar power and prudent e-waste recycling, Shinghal Agri Industries is making the example for the rest of the industry to follow with green solutions. Such an initiative demonstrates how industries can incorporate clean energy while being financially prudent and environmentally friendly.