- Lower hydrology in Peru compared to last year resulting in lower energy production
- Expected declines and lower Binary unit throughput in Nicaragua due to typical declines in steam production and colder fluids entering the production zone of two cycling wells
- Lower revenue from geothermal facility in Nicaragua
- Canchayllo hydroelectric facility inactive from March 10, 2024 to May 6, 2024 due to minor landslide
Polaris Renewable Energy Inc.
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 16.3K tCO2/year (partial Scope 1) |
| 2020 | 3.0K tCO2e (Geothermal) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Finalized phase 1 optimization project in the Dominican Republic, replacing 50% of PV panels at Canoa 1 solar plant, boosting productivity by at least 15%
- Continued implementation and alignment of the Company's sustainability strategy in all jurisdictions
- Maintaining high standards in health and safety at all operating facilities
🎯 Climate & Sustainability Targets
🔜 Short-term
- Continued progress on corporate development, acquisition initiatives and related integration
- Finalize carbon credit certification at all operating facilities
- Balancing sustainable dividends with deploying excess cash flow into growth and diversification
- Continued implementation and alignment of the Company's sustainability strategy in all jurisdictions
- Maintaining high standards in health and safety at all operating facilities
🔭 Long-term
- Continue to grow and diversify its operations in the Latin American region through renewable energy projects with attractive return profiles
🌱 ESG Focus Areas
GovernanceSocialEnvironmental