Business
Breweries pioneers first solar power
Nigerian Breweries (NB) and CrossBoundary Energy have signed Heineken’s first solar project in Africa, the first of its kind for Nigeria. It is a fully-financed solar Power Purchase Agreement for a major Nigerian business customer. CrossBoundary Energy will be installing and operating a 650 kw solar plant located at NB’s Ibadan Brewery. It will operate the rooftop facility on behalf of Nigerian Breweries as part of a 15-year solar services agreement.
Under the agreement, NB will only pay for solar power produced, receiving a single monthly bill that incorporates all maintenance, monitoring, insurance and financing costs.
The solar energy plant will become operational this year, supplying 1GWh annually to the Ibadan brewery at a significant discount to their current cost of power, while reducing the site’s CO2 emissions by over 10,000 tonnes over the lifespan of the plant. The Managing Director of Nigerian Breweries, Mr. Jordi Borrut Bel, stated: “We are delighted to be a pioneer in the adoption of solar energy in Nigeria.

“The solar plant will help power our world-class brewery in Ibadan, enabling us to deliver on commitments under our ‘Brewing a Better World’ initiatives and supporting Heineken’s global ‘Drop the C’ programme for renewable energy.”
NAN
-
Oil and Gas1 day agoOil prices fall 2% on hopes for US-Iran conflict easing
-
Stock Market1 day agoNigerian equities market closed on a bullish note, marginal fall in average yield
-
Finance1 day agoCurrency outside Nigerian banking system drops to N4.92trn in June
-
News1 day agoParis Club Refund: ALGON, LGAs urge court to dismiss lawyer’s suit
-
News3 hours agoPwC, EY jointly command an estimated 35.9% of Nigeria’s corporate audit market in 2025`
-
Economy1 day agoS&P Global to buy majority stake in Agusto & Co ratings agency
-
News3 hours agoFlutterwave makes CNBC, Statista’s World’s top fintech companies list
-
Oil and Gas3 hours agoInternal documents show Shell’s role in oil theft, environmental damage across Niger Delta
