Nigerian Breweries pioneers first solar-powered Brewery

Nigerian Breweries Plc and CrossBoundary Energy Limited have signed a Solar Power Purchase Agreement for the installation and operation of a 650 kW solar plant located at our Ibadan Brewery. The solar energy plant will become operational this year.

This landmark project is the first of its kind in Nigeria as it will supply 1GWh annually to the Ibadan Brewery at a significant discount to the current cost of power. It will also reduce the Brewery’s CO2 emissions by over 10,000 tonnes over the lifespan of the plant.

In addition to helping to power our world-class Brewery in Ibadan, the solar plant will enable us to deliver on our ‘Brewing a Better World’ initiative. This will support our parent company’s (Heineken NV) global ‘Drop the C’ programme for renewable energy which is aimed at growing production-related energy sourced from renewables from the current level of 14percent to 70percent by 2030.

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The solar plant will equally lead to the creation of jobs in the engineering, construction and maintenance sectors, while supporting the Nigerian Electricity Regulatory Commission’s target of having 2,000MW of power capacity from renewables by 2020.

NB will continue to create partnerships aimed at adding value to its business, the Nigerian economy and the environment.

IHEANYI NWACHUKWU

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.