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A PV roof for a Moroccan SME in the food value chain

Investor
Atlantic Foods
Location
Casablanca, Morocco
Investment
Installation of a solar photovoltaic system with a capacity of 353.25 kWp on the roof
Investment Size
€ 218,372
Financial results
Payback period: 6.67 years
Energy savings
467 MWh/year (44%)
CO2 savings
267 T eq CO2 per year (44%)
Impact
Electricity savings/ GHG emissions reduction/ Competitiveness/ Brand image
Donor
EU, GCF, KTACA, and EBRD SSF.

Installation of a 353.25 kWp solar power plant on the roof of the company's industrial site

Atlantic Foods is a fast-growing company specializing in the import and logistics and packaging of food products for the modern and out-of-home catering sector. To improve its competitiveness and minimize its energy costs, the company decided to invest in a photovoltaic roof and applied to the Green Value Chain (GVC) facility for funding and technical assistance from the programme.

The project consists of the installation of a solar photovoltaic system on the roof of the Atlantic Food company’s site, located in the Ouled Saleh industrial zone (t). This means that the electrical equipment works with 2 sources of electricity, the public electricity network and the photovoltaic generator, the priority is automatically given to the solar kWh. The total power of the photovoltaic installation is 353.25 KWp.

The solar photovoltaic system saves an average of 467.8 MWh/year of (conventional) electricity. As a result, electricity consumption from the public electricity grid will be limited to only 58.81 MWh/year instead of the current 557 MWh/year, which means a reduction in total annual consumption of 90% during peak hours and a 44% reduction in the total electricity bill (an annual saving of €42,773). This investment has allowed the company to be more competitive by reducing its costs, and to naturally attract new customers, but also collaborators and partners.

Green Value Chain (GVC) in Morocco is an EBRD credit line that provides financing to local partner financial institutions for the financing of green investments by SMEs operating in value chains. Supported by the European Union, the Green Climate Fund (GCF), the Korea Technical Assistance and Cooperation Account (KTACA) and the EBRD’s Special Shareholders Fund, the facility helps improve the competitiveness of SMEs and their value chains through highly efficient green investments.

 

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