CCBSA taps into solar power at 11 sites

10.4 MW

05/14/2018 | 08:36pm EDT

Coca-Cola Beverages SA (CCBSA) is installing rooftop solar photovoltaic units at 11 of its sites... Under a 25-year power purchase agreement with the Mulilo Group, the plants will produce over 18-million kWh of renewable energy for CCBSA per year and realise substantial savings in electricity drawn from the grid, while cutting carbon emissions by 14,000 tonnes a year. Investec, through its power and infrastructure finance (PIF) division, was the lead arranger for the transaction.

CCBSA used 9.642-million kWh less electricity last year and has improved electricity usage per litre of beverages produced by 9.24% over the last three years.

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Source: Marketscreener