Agro Fossil Free - An Assessment of GHG Emission Reduction by Using Renewable Energy and Energy Efficient Processes

Descrizione generale

Nowadays, consumer prefers product and services from companies which adhere the principle of sustainability and operation with Sustainable Commitments. The main objective of this study is the reduction of GHG emission by the use of Renewable Energy and Energy Efficient processes and equipment. Detailed assessment of an energy profile and GHG emission is to be carried out from different micro, small and medium scale industries and lack of data monitoring found to be a major drawback. Energy efficiency interventions based on techno-economic analysis of the prevailing electricity tariff, fuel cost and conservation of operating hours includes improved performance, better insulation, reduction in the consumption of resources such as water, fuel and energy, efficient operation and better energy management with proper monitoring system. Renewable energy interventions result in potential saving of 10–12% of electrical energy by replacing the conventional pumps with the solar water pump as it gives remarkable savings with average payback period of 3–9 months according to the study. According to the Solar supplier/vendors, investing in this asset have their own pros and cons with investment classes and payback period with the inclusion of technical specifications, warranty/guaranty periods, maintenance and service, quality assurance plan and special offers/intensives. Some suggestions for the same such as CAPEX Model, OPEX Model and Off-site Model are given by solar suppliers and vendors. This could be the step towards the low carbon pathway and efficient use of renewable energy to get the maximum possible benefit from the same.