Skip to main content

Puma Energy extends solar installation offer to industrial and commercial customers

 

Christophe Dantcikian - Managing Director Puma Energy Ghana

Puma Energy has announced that from 2023 it will offer its commercial and industrial customers the chance to install solar on their sites.

The company in a statement said the development comes after Puma’s fourteen solar projects at its retail stations and terminals in Ghana proved to be a huge success.

The fourteen Puma Energy sites in Ghana demonstrate that the concept of solar installation works and Puma will now invest USD 33 million to offer solar solutions to its commercial and industrial customers in Ghana and across Africa.

In July 2022, Puma Energy’s ESG strategy set out plans to install solar generation at 200 sites across its global network by the end of 2022. The fourteen sites in Ghana contribute to the target. These projects benefit from Ghana’s high solar energy potential and have a total capacity of 447kWp and associated battery storage of 227 kWh. Puma Energy also announced that, by 2027, 30% of its income (EBITDA) in Africa will come from clean and transition fuels and the rollout of solar generation partnerships with Puma’s commercial and industrial customers will contribute to that aim.

The Puma Energy GM in Ghana, Christophe Dantcikian said, “The roll out of solar generation across our assets in Ghana has been a huge success and proves the technology works from an economic and technical perspective.

Africa and Ghana in particular, have a great potential for solar power. So, having shown the concept works we are now offering our commercial and industrial customers the chance to reduce their greenhouse gas emissions. Ghana was the first country in Africa to benefit from our programme to add solar power to our sites and we are now excited to be able to share the benefits of our solar expertise with our customers.”

The solar power generation at 11 of the 14 sites is supported by battery storage meaning the sites can run from the power of the sun up to 100% of the time.

In total Puma Energy operates 75 retail sites and four terminals across Ghana. It also supplies fuel at Kotoka Airport and directly employs over 150 people with many more employed directly by local companies that operate the Puma retail sites.

Labels:

Comments

Post a Comment

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...
Post a Comment
Read more

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...
Post a Comment
Read more

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more