Nigerian Breweries Plc announces the commissioning of a 663.6 kWp solar plant at its factory in Ibadan, Nigeria.
Brand Spur Nigeria learnt that the Solar plant will be managed by Crossboundary Energy, an investment firm that focuses on solar projects and facilities.
This fully financed solar Power Purchase Agreement with Crossboundary Energy is the first of its kind for a major Nigerian business customer.
The solar plant is expected to supply approximately 800 MWh to the brewery annually, at a significant discount to their current cost of power, while reducing the site’s CO2 emissions by over 10,000 tonnes over the lifespan of the plant.
Cross-boundary Energy will operate the rooftop facility on behalf of Nigerian Breweries as part of a 15-year solar services agreement. Under the agreement, Nigerian Breweries will only pay for solar power produced, receiving a single monthly bill that incorporates all maintenance, monitoring, insurance, and financing costs.
This agreement is set to change the dependence on the distribution company in Ibadan to supply electricity for factory use.