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PV systems to improve competitiveness of a plastic packaging SME

Investor
CHINA YANG TSE PLASTIQUE
Location
Berrechid, Morocco
Investment
Solar panels and inverters
Investment Size
€ 909,090
Financial results
8.17 years payback period
Renewable energy
1651.1 MWh per year
CO2 savings
917 tonnes per year
Impact
Improved competitiveness, and energy production
Donor
EU, GCF, KTACA, EBRD SSF

Solar panels and inverters for a PV installation

In order to cover parts of its electricity needs, CHINA YANG TSE PLASTIQUE, a SME specialised in the production of plastic molding and preform precision parts decided to invest in the installation of solar photovoltaic systems.

The company approached the GVC team for technical and financial assistance for its new renewable energy project. The installation consisted of the supply and installation of solar panels, inverters, the supervision and control system, the metal structure, support modules , and wiring and electrical connection.

The GVC engineering team assessed the technical and economic proje feasibility and demonstrated a positive impact of the investments in terms of competitiveness through both energy savings and improved corporate image.

The € 909,090 investment, financed through GVC, should result in electricity production of 1651.1 MWh / year and allow an annual cost saving of approximately € 134,000. In addition, the company should be able to reduce its greenhouse gas emissions by 917 t CO2eq each year, making a valuable input towards mitigation of the negative effects of industrial and human activity on climate.

Green Value Chain (GVC) in Morocco is a credit facility of the 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 through highly efficient green investments.

 

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