PANAMA’S FIRST poultry farm operating on solar energy and the first to be funded under a new green energy program, is already pointing the way to greater profitability while helping the country’s environmental sustainability targets.
Ivanhoe José de Roux, owner of The Cauca farm, in the La Arenosa, district of El Zaino in La Chorrera, was spending $4000 a month to operate three galleys covering a total area of 1,860 square meters.
Now, with solar panels, the farm which has been in business for 26 years, will no longer have to pay any money to the power company, only $1,400 , monthly to the National Bank (Banconal) for funding the installation.
This will represent a savings of $$2 600 monthly to invest in other projects to continue the development and growth of the farm.
Ignacio Fuster of Realsolar, the company responsible for the installation of the solar panels, said that 300 solar panels with a 25 year life span were used to provide energy to the galleys, which have a capacity for 95,000 thousand chickens.
Unlike the 60% financing of given to the Cauca estate for installations of solar panels, Banconal will now provide 80% for poultry farmers and interested farmers, said Luis Diaz, executive manager of the Agricultural Bank Banconal.
He said that the sectors that can apply for the funding are poultry, pork and dairy.
Seems like a good deal. What's missing is the annual or monthly depreciation factor of the panels given they have a 25 year life expectancy. It would be nice to know what the total cost of the project was in order to arrive at this figure. If they depreciate at a rate of $2600. per month then you have a break even deal. Still not a bad deal when you consider the environmental impact.