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Installation of a photovoltaic plant for a Moroccan produce farm

Investor
ALPHA GRI
Location
Agadir, Morocco
Investment
installation of a photovoltaic power plant
Investment Size
€ 49,721
Financial results
Payback of 3 years and 10 months
Renewable energy
173.57 MWh / year
CO2 savings
96.36 tonnes per year
Impact
improve the company's competitiveness by reducing energy consumption and reducing the amount of greenhouse gases related to electrical energy.
Donor
EU, GCF, KTACA, EBRD SSF.

Installation of an 89.6 kWc photovoltaic power plant

Alpha Gri is a company specialised in the production and commercialization of vegetables, mainly tomatoes, both nationally and internationally. One of the company’s farms, located in the region of Biougra near Agadir, produces 60,000 tonnes of tomatoes annually on an area of 8 ha, with a yield of 7,500 tonnes/ha.

With the vision of improving its competitiveness and reducing its carbon footprint, Alpha Gri is considering using solar photovoltaic energy as an alternative energy source to the grid to cover its electrical needs for water pumping.

The company has applied for funding and technical assistance from the Green Value Chain for the project, which consists of installing an 89.6 kWp solar photovoltaic system for water pumping on one of the company’s farms in Biougra, covering an area of 457 m2, to cover the farm’s electricity needs for water pumping.

This investment will allow the company to further improve its competitiveness by reducing the cost of the electricity bill. The project will also reduce the amount of greenhouse gases associated with electricity from the public grid. The amount of Greenhouse gas (GHG) emissions reduced is approximately 96.36 tCO2eq per year.

Green Value Chain (GVC) in Morocco is a credit facility of the European Bank for Reconstruction and Development(EBRD) to provide funding to local partner financial institutions for on-lending to Moroccan SMEs belonging to agribusiness, processing industries and logistics value chains and ecosystems. Supported by the European Union, the Green Climate Fund(GCF), the Korean Technical Assistance and Cooperation Account (KTACA) and the EBRD Shareholder Special Fund (EBRD SSF), the facility aims to improve competitiveness of SMEs and that of their value chains and ecosystems through highly efficient green investments.