GEen

Cultivating a sustainable future

Investor
Herbia LTD
Location
Tskaltubo, Georgia
Investment
Solar PV plant
Investment Size
US$ 110,000
Financial results
Payback of 5 years
Energy savings
320 MWh per year
Renewable energy
200 kW installed capacity
CO2 savings
125 tonnes per year
Impact
Sustainable food production and reduced carbon emis-sions
Donor
GCF, BMF

Revolutionising agriculture: re-newable energy reduces expenses and carbon emissions

Founded in 2006 in Tskaltubo, Georgia, Herbia has established itself as a cultivator, packer, and shipper of top-tier culinary herbs and vegetables. What truly sets Herbia apart is its Global Gap certification, a testament to their unwavering commitment to quality.

As a leading producer of herbs and vegetables, Herbia faced two significant challenges: escalating energy costs and the growing vulnerability of agriculture to climate risks. To overcome these hurdles, the company embarked on a journey of innovation, choosing to invest in renewable energy sources.

In partnership with GEFF in Georgia, facilitated by a local financial institution, Herbia secured financing for their solar PV plant. Notably, GEFF’s local and international experts conducted a comprehensive evaluation of the project, providing Herbia with precise insights into their monetary savings, reduced carbon footprint, and a detailed payback analysis.

Herbia is now saving over $22,000 annually on utility bills, not only trimming their operational costs but also achieving a remarkable return on investment in just five years. Once the investment is recouped, Herbia will relish in the benefit of self-generated electricity throughout the solar PV plant’s lifespan.

David Janelidze, director of Herbia LTD: “Sustainable practices and green technologies are important in modern farming. Supporting and funding such projects is a big step towards a greener and stronger future for agriculture.”

The project is supported by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance (BMF).