- Nigerian Breweries Plc announces the commencement of the two renewable energy projects.
- This project will reduce the site’s CO2 emissions by 100,000 tonnes over the lifespan of the plants.
Two renewable energy (solar and battery storage hybrid) projects announced for Ibadan and Ama breweries in Oyo and Enugu States, valued at $10 million, will be among the largest renewable energy projects for a business in Nigeria.
Nigerian Breweries Plc (NB) and CrossBoundary Energy recently announced the commencement of the two renewable energy projects. As part of this agreement, CrossBoundary Energy will expand the current renewable energy system at NB’s Ibadan Brewery from a 663kWp solar PV plant to a hybrid solar-plus-storage facility consisting of a 3MWp solar PV system and a 2MW/2MWh battery energy storage system (BESS).
NB’s Ama brewery will receive a 4MWp solar PV plant and a 2MW/2 MWh BESS. The solar plants combined will supply approximately 10GWh annually to the Ibadan and Ama breweries at a significant discount to their current cost of power. In addition, this project will reduce the site’s CO2 emissions by 100,000 tonnes over the lifespan of the plants.
The projects will support the local employment of approximately 80 people during the construction phase and at least two dozen people when the plants are operational. The projects also enable private direct investment to support Nigeria’s recently reaffirmed commitment to net zero by 2060.