SANTA PAULA, Calif.--(BUSINESS WIRE)--
Limoneira Company (the "Company" or "Limoneira") (NASDAQ: LMNR)
announced today that it would begin using solar energy at Porterville
Ranch, part of the Company's northern California operations. In 2008,
Limoneira unveiled its first solar facility at its headquarters in Santa
Paula to provide energy for its packing operations. The following year,
additional solar capacity was added at the Company's northern farming
operations at Ducor Ranch.
Harold Edwards, Limoneira's CEO, said, "Clean solar energy is positive
for our Company, the communities in which we operate and for our planet.
These projects are the right thing to do, and they've been successful."
Limoneira is generating clean energy and capturing savings too. As
energy costs continue to rise, the Company has locked in their
electrical rates. The projects reduce their electrical costs from
Southern California Edison by approximately 70%.
Mark Palamountain, Senior Director of Agricultural Operations, said
that, "Limoneira's solar facilities are capable of producing 3,900
megawatt hours annually or 97,500 MW over a 25-year period which equates
to a reduction of 64,000 tons of CO2 emissions."
Edwards said that, "Like its predecessors, we expect a good return from
this new solar project. We'll continue to evaluate projects that make
sense for us."
Technology has been advancing rapidly, and the project located at the
Company's Porterville Ranch, about 50 miles north of Bakersfield,
California, is expected to deliver 385,000 KW yearly.
Limoneira's Porterville Ranch is 669 acres with 650 acres of
agricultural plantings consisting of approximately 145 acres of lemons,
376 acres of Navel oranges, 27 acres of Valencia oranges, and 102 acres
of specialty citrus and other crops.
Limoneira's sustainability efforts are extensive. In addition to solar
energy, the Company has sustainable projects for green waste recycling,
water, integrated pest management and work force housing a
comprehensive overview can be found on the Company's website.
About Limoneira Company
Limoneira Company, a 124-year-old international agribusiness
headquartered in Santa Paula, California, has grown to become one of the
premier integrated agribusinesses in the world. Limoneira (pronounced lē
mon΄âra) is a dedicated sustainability company with approximately 10,700
acres of rich agricultural lands, real estate properties and water
rights in California and Arizona. The Company is a leading producer of
lemons, avocados, oranges, specialty citrus and other crops that are
enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160627005055/en/
Media Contact:
Limoneira Company
John Chamberlain
805-525-5541
x1056
jchamberlain@limoneira.com
or
Investor
Contact:
ICR
John Mills
Partner
646-277-1254
Source: Limoneira Company
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