- Kasapreko, CrossBoundary Energy Ghana and Yingli Namene have announced the completion of commissioning of Kasapreko’s 400.4 KWp solar plant located at Kasapreko’s Spintex Road bottling facility.
- The installation is Ghana’s first PPA-financed solar plant for a commercial customer.
CrossBoundary Energy Ghana, the first licensed operator to finance solar PPAs for Ghanaian businesses, will operate the rooftop facility on behalf of Kasapreko as part of a 16-year solar services agreement. Under the agreement, Kasapreko will only pay for solar power produced, receiving a single monthly bill that incorporates all maintenance, monitoring, insurance and financing costs.
Yingli Namene originated the solar project opportunity with Kasapreko and together with SolarAfrica led design, procurement, and construction of the plant. CBE Ghana has retained Yingli Namene to continue provision of operations and maintenance services for the solar facility in its first year, with SolarAfrica responsible for asset management and performance monitoring.
The solar plant will supply 570,570 kWh annually to support the needs of the bottling facility and help to displace power supplied by diesel generators at the height of the day. Solar will also allow Kasapreko to reduce its carbon emissions by over 4,600 tonnes over the lifespan of the plant.
Richard Adjei, CEO of Kasapreko Company Limited says, “Our company produces first-class beverages using authentic traditional blends and world-class technology. CrossBoundary Energy Ghana will supply renewable power to our largest industrial facility, allowing us to focus on serving our customers and shareholders, as well as helping our environment.”
Femi Fadugba, Head of Business Development for CrossBoundary Energy Ghana says, “Kasapreko is one of Ghana’s most successful home-grown companies, whose fully modernized operations are best-in-class. CBE Ghana’s solar solution supplies the company with clean power at a discount to current energy costs, and our financing eliminated the need for any upfront spending by Kasapreko. We are pleased to support Kasapreko’s continued growth and success in Ghana through this landmark solar project.”
Author: GBA News Desk
Source: Cross Boundary