Kasapreko Company Limited (Kasapreko), CrossBoundary Energy Ghana Limited (CBE Ghana), and Yingli Namene West Africa Limited (Yingli Namene) have in a public statement last Thursday, announced the commissioning of Kasapreko’s 400.4 KWp solar plant located at Kasapreko’s Spintex Road bottling facility.
According to the statement, 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, the statement said.
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.
The plant has supported employment of 23 engineering and construction professionals in Ghana during its installation phase, and Yingli Namene’s local team, based in Accra, will continue to service the solar plant during its operation.
“Yingli Namene has been present in the Ghanaian market since the incorporation of Yingli Namene West Africa in 2015, with a mission to bring solar power to the West African market and maximise its abundant solar resource”, says Firmin Nkamleu Ngassam, Managing Director of Yingli Namene West Africa.
“We are delighted to have played a critical role in delivering this solar installation for a valued customer like Kasapreko. CBE Ghana’s fully-financed solution was a key enabler of the project, and we look forward to continued work together to fully supply Kasapreko’s solar energy needs.”
The PV system has been designed to optimally integrate with Kasapreko’s existing power sources and can be expanded to supply Kasapreko with additional solar power as the company grows.