Installation of a photovoltaic solar power plant

Had Soualem, Morocco
Installation of a photovoltaic solar power plant
Investment Size
€ 424,076
Financial results
Payback period: 5,54 years
Electricity savings
1,090 MWh per year (46%)
CO2 savings
621.86 tCO2 per year
Reduction in the cost of the electricity bill and the emissions of greenhouse gases. Productivity gains, improve competitiveness and corporate image.

Installation of a photovoltaic solar power plant

Founded in 1994, the MMEP ALMA company designs and markets complete ranges of water connections, water supply and sanitation such as water meters, fittings and accessories for very diversified sectors of activity: industry, construction, irrigation, administration and local communities.

MMEP intends to position itself as a first-class industrial player. To do this, the company has acquired specialized technology in the manufacture of plastic tubes (PVC and HDPE) and accessories intended for the construction of sewerage networks. Conscious and concerned about environmental problems, MMEP ALMA decided to invest in a photovoltaic solar power plant.

The photovoltaic solar power plant will be installed on the roof of the MMEP Alma industrial site. This type of installation, called “solar self-consumption”, cover s part of the site’s electricity needs. Thanks to this new installation, the electrical equipment will operate with 2 sources of electricity, the public electricity grid and the photovoltaic generator, priority being automatically given to solar kWh. The total power of the photovoltaic installation is 772.2 KWp.

The implementation of this project, financed by Bank of Africa, should enable an energy saving of 1,090 MWh/year. In addition, the company should be able to reduce its greenhouse gas emissions by 621.86 t CO2eq each year, which contributes to mitigating the negative effects of industrial and human activity on the climate.

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.