The Coca-Cola Bottling Company of Ghana (TCCBCG), part of Equatorial Coca-Cola Bottling Company Group, and CrossBoundary Energy are today announcing the signing of Ghana’s largest commercial solar services agreement. They will be installing and operating a 1.33 MWp solar power plant at the company’s Accra bottling facility.
This is the first commercial and industrial power purchase agreement (PPA) for Equatorial Coca-Cola Bottling Company in West Africa. It signals a commitment from the company towards the preservation of the resources and environment of the region.
The solar system is being financed and operated by CrossBoundary through a 15-year solar services agreement with TCCBCG. This will deliver substantial savings on TCCBCG’s current price of power and reduce the site’s carbon emissions by over 25,000 tons over the plant’s 30+ year lifetime.
Bethel Yeboah, Public Affairs and Communications Manager, TCCBCG says, “TCCBCG is committed to preserving Ghana’s resources to generate sustainable growth. This solar plant will see the production of clean energy to power our operations from our own rooftop. Along with our other initiatives in plastics recycling and water conservation, it shows how a company like ours can generate a positive environmental and economic impact for our consumers and communities.”
CrossBoundary aggregates finance for medium-scale renewable self-generation. It is currently operating the largest portfolio of financed commercial solar assets in East and West Africa.
Under the solar services agreement with TCCBCG, CrossBoundary will finance the construction and oversee the management of the plant. TCCBCG will only pay for the power produced and the tariff will include all maintenance, monitoring, insurance and financing costs.
Matt Tilleard, Managing Partner, CrossBoundary says, “TCCBCG was quick to see the benefits of CrossBoundary delivering energy-as-a-service. We’ve got funding and project experience that is totally focused on commercial solar projects like this. So we can underwrite the project and manage the risk, leaving TCCBCG free to get on with its core business.”
This plant will be a roof-mounted, solar PV solution, using tier-1 solar panels and invertor technology. It will have automated integration with the existing grid and diesel supply.
The plant is expected to create at least 20 jobs in Ghana via construction as well as operations and maintenance activities for the next 15 years. CrossBoundary has engaged Solarcentury to construct the plant and SolarAfrica to manage project delivery.