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Installation of a solar photovoltaic station on the site of an SME specializing in industrial carpentry

Investor
10 RAJEB
Location
Casablanca, Morocco
Investment
Installation of a solar photovoltaic station
Investment Size
€ 889,295
Financial results
Payback period: 5.75 years
Electricity savings
2,198.8 MWh per year (61%)
CO2 savings
1,255 TCO2 per year
Impact
Energy efficiency gains. Reduction of GHG emissions. Improve brand image.
Donor
EU, GCF, KTACA, and EBRD SSF.

Installation of a solar photovoltaic station

10 RAJEB is a Moroccan SME founded in 1991 with the aim of developing wood joinery from an artisanal model to an industrial model. The company is located in Casablanca and had a turnover in 2020 of more than 17 million euros. The company plays a role of “market maker” and has quickly established itself as the 1st manufacturer of doors and closets in Morocco. Since its creation, the company has developed its expertise in the wood industry to produce doors, cupboards and kitchens, based on its founding values: quality, flexibility and technological innovation.

Conscious and concerned about environmental problems and especially deforestation, 10 RAJEB is the first Moroccan company to obtain PEFC certification, which guarantees the traceability of wood. This certification illustrates 10 RAJEB’s commitment to respect the environment.

With this in mind, the company decided to invest in a photovoltaic solar power station. This type of installation, called “solar self-consumption”, covers part of the site’s electricity needs. 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 planned power of the photovoltaic installation is 1,500 KWp.

The implementation of this project, financed by Crédit du Maroc, will increase the quality of the company’s products while optimizing production costs. In addition, the investment will reduce greenhouse gas emissions by 1,255 T CO2 eq per year compared to the baseline and save approximately 2,198.8 MWh in energy.

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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