January 9 (Renewables Now) - Portuguese company DST Solar will invest EUR 300,000 (USD 333,738) to build five photovoltaic (PV) plants for domestic furniture group JOM, local media reported on Wednesday.
Consisting of more than 1,500 solar modules, the PV parks will be located at JOM's Mealhada, Corroios and Ovar offices. They will allow JOM to avoid some 345 tonnes of carbon dioxide (CO2) per year.
“Investing in solar PV technology, as part of our environmental responsibility policy, reiterates our view that we should be part of developing the path to decarbonising the economy,” JOM's administrator Joaquim Mendes says in a statement, published by the media.
This is the second agreement of its kind between the two companies. Earlier, DST Solar installed three PV plants at JOM's Aveiro and Batalha stores and its Guimaraes headquarters.
(EUR 1 = USD 1.112)