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Breweries, Crossboundary Sign $10m Contract

Breweries, Crossboundary Sign $10m Contract
Photo by Timothy Dykes- Ask Nigeria

Nigerian Breweries, Crossboundary Sign $10m Renewable Energy Contract.

The Ibadan and Ama breweries of Nigerian Breweries Plc (NB) in the states of Oyo and Enugu have announced the start of two renewable energy (solar and battery storage hybrid) projects. According to a statement released by the brewing company yesterday, this $10 million project will be one of the largest renewable energy initiatives for a company in Nigeria. CrossBoundary Energy will upgrade the Ibadan Brewery in New Brunswick’s Ibadan from a 663 kWp solar PV plant to a hybrid solar-plus-storage facility with a 3 MWp solar PV system and a 2 MW/2 MWh battery energy storage system as part of this arrangement (BESS).

A 4 MWp solar PV plant and a 2 MW/2 MWh BESS will be installed at the Ama brewery in NB. The combined solar power facilities will provide the Ibadan and Ama breweries with roughly 10 GWh of electricity each year at a significant savings over their existing electricity costs. Over the course of the plants’ lives, this project will cut 100,000 tonnes of CO2 emissions from the site. The development and building of the renewable energy facilities in Ibadan and Ama will be wholly funded by CrossBoundary Energy, and the company will also manage both facilities as part of a 15-year solar services contract with NB.

They both partnered to complete the first phase of the solar power project.

This accomplishment strengthens the five-year collaboration between Nigerian Breweries and CrossBoundary Energy in a substantial way. In case you forgot, both businesses teamed up to finish the first stage of NB Plc’s solar power project in its Ibadan brewery, which was finished in 2021 and was the first of its type in Nigeria. According to Hans Essaadi, managing director of Nigerian Breweries, “We are thrilled to be a pioneer in the deployment of solar energy in Nigeria.” With the help of these extra solar power plants, we will be able to meet a large amount of our electricity needs and get closer to becoming carbon neutral.

By increasing its use of renewable energy, Nigeria Breweries will be able to better meet its environmental obligations under the Better A Better World (BABW) Sustainability Plan and the global Net Zero goals established by our parent company HEINEKEN. James Shoetan, chief commercial officer at CrossBoundary Energy, also took the opportunity to comment. He said: “We’re thrilled to continue supporting Nigerian Breweries’ sustainability goals and to be supplying multiple breweries with cleaner, cheaper power with no upfront investment or technical risk.”

CrossBoundary Energy is to see the expansion of the flagship project.

The extension of the flagship project at NB Ibadan, which significantly increases its sustainable impact, is encouraging to CrossBoundary Energy. Both solar plants will be designed and built by Soventix, while DHYBRID Power Systems will design and provide the BESS and hybrid control system for both projects on behalf of CrossBoundary Energy. Soventix will offer operations and maintenance services for both buildings after construction is finished. According to Alexandros Aris Papachristou, general manager of Soventix in Nigeria, We are grateful that CrossBoundary Energy can contribute to the renewable goals of Nigerian Breweries with our custom-made energy solutions and best-in-class operations and maintenance operations as an Energy Solutions partner for Nigerian Breweries.

During the construction period, the projects will support the employment of about 80 locals, and once the plants are operational, at least 20 locals will be employed. The initiatives also make it possible for private direct investment to help Nigeria meet its newly restated goal of reaching net zero by 2060. Through financing options like the one provided by CrossBoundary Energy, Nigeria’s renewable energy sector can increase access to affordable, reliable power for businesses, create much-needed green jobs, and attract foreign investment. This will allow Nigeria to realize its enormous economic potential.

Solar power plant launched by Nigerian Breweries.

A year ago, the brewer’s Ibadan brewery’s 663.6kwP solar facility, which cost over N300 million (732,000), was put into operation. The solar plant will be installed by CrossBoundary Energy, a provider of renewable energy with a focus on financing off-grid solutions for companies in Africa, and will provide the brewery with about 1,000 megawatts per hour (mwh) of electricity annually at a significant savings over their current cost of electricity. Almost the course of the plant’s existence, the historic project, which can brew about 13.3 million bottles of Star Lager beer, would cut the site’s carbon dioxide (CO2) emissions by over 10,000 tonnes.


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Admin
1
22 days ago

Breweries, Crossboundary Sign $10m Contract – Nigerian Breweries, Crossboundary Sign $10m Renewable Energy Contract. – Express your point of view.

Member
8
21 days ago

As part of this agreement, CrossBoundary Energy will transform the Ibadan Brewery in Ibadan, New Brunswick, from a 663 kWp solar PV plant to a hybrid solar-plus-storage facility with a 3 MWp solar PV system and a 2 MW/2 MWh battery energy storage system (BESS).

Member
8
21 days ago

The combined solar power plants will be able to supply around 10 GWh of electricity to both the Ibadan and Ama breweries every year at a significant reduction over their current rates for purchasing electricity.

Member
8
21 days ago

The Nigerian Breweries and CrossBoundary Energy partnership has been going strong for the past five years, and this achievement contributes significantly to the partnership’s continued success.

Member
8
21 days ago

As an Energy Solutions partner for Nigerian Breweries, CrossBoundary Energy is honored to play a role in achieving the country’s renewable energy goals through the provision of tailor-made energy solutions and world-class operations and maintenance services.

Member
8
21 days ago

Nigeria Breweries will be able to better achieve its environmental requirements under the Better A Better World initiative if it increases the percentage of its operations that are powered by renewable energy.

Member
8
21 days ago

CrossBoundary Energy, a producer of renewable energy that specializes in financing off-grid solutions for businesses in Africa, is going to be in charge of the installation of the solar power plant.

Member
8
21 days ago

Nigerian Breweries and crossboundary partner on renewable energy that will supply more energy to the company this is a nice contract to be formed for improvement of power

Member
8
21 days ago

Nigeria’s renewable energy sector can boost access to inexpensive, reliable power for companies, create much-needed green jobs, and attract international investment with the help of financing alternatives like those offered by CrossBoundary Energy. Consequently, Nigeria’s vast economic potential will be unlocked.

Member
8
21 days ago

This is a great chance for Nigerian breweries and a cross-border renewable energy partner to work on a contract that will make it easier for the company to get clean, reliable electricity.

Member
8
21 days ago

The Nigerian Breweries and Crossboundary Signing $10 million Renewable Energy project to generate electricity through solar Energy forte Ama and Ibadan. More companies should please do the same for a better Nigeria.

Member
9
21 days ago

Breweries, Crossboundary Sign $10m Contract. This combination is good for the company. Nice move

Member
9
21 days ago

If this initiative is something to bank on,it will be a very good initiative from the breweries and it will really better the life of the citizens in a different ways.Nigerians need energy seriously at this crucial time.

Member
8
21 days ago

A good contract to be made for the improvement of electricity is between Nigerian Breweries and a cross-border partner on renewable energy that will supply the company with additional energy.

Member
8
21 days ago

Nice work done by the Ibadan and Ama breweries of Nigeria breweries PLC and Crossboundary who signed $10 million contact on renewable energy by generating electricity through solar installation. In

Member
9
21 days ago

I just hope the contract between Nigeria Breweries and Ross boundary inorder to help renewable energy for the consumption of the citizenry comes with lots of benefits

Member
8
21 days ago

Power will be produced using solar energy in the cities of Ama and Ibadan as part of a $10 million renewable energy initiative signed by Nigerian breweries and a cross-border company. We ask that other businesses join you in making Nigeria great.

Member
8
21 days ago

The Nigerian Breweries and CrossBoundary Energy partnership has been going strong for the past five years, and this achievement contributes significantly to the partnership’s continued success.

Member
8
21 days ago

It is estimated that the combined solar power plants will be able to offer roughly 10 GWh of electricity to the Ibadan and Ama breweries annually at significantly reduced rates for acquiring electricity.

Member
8
20 days ago

This is an excellent opportunity for Nigerian breweries and a global partner in renewable energy to negotiate a deal that will simplify the company’s access to safe, dependable electricity.

Abusi
Member
8
19 days ago

I hope the contract is to facilitate and strengthen production of breweries between the companies. It will serve as revenue also to government.

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