184 Solar Sites Now Operational Across Puma Energy's Global Network
In 2023, Puma Energy Will Extend Its Solar Initiative To Offer Solar Solutions to Industrial and Commercial Customers
GENEVA, December 13, 2022 (Newswire.com) - Puma Energy today announced it has 184 solar power generation projects operational across its network and is on track to hit its target of opening 200 solar projects in 2022.
Puma Energy has nearly 2,000 retail sites in its network and has assessed how many are suitable for solar installation. The 184 sites now operating across the company's retail network represent 39% of the 467 company-owned and leased stations where solar installations are commercially and technically feasible.
In its ESG Strategy, published in July 2022, Puma Energy set a target of installing 200 solar projects across its global network by the end of the year. Once operational, the solar projects will have a combined capacity of 6,6 MWp and are expected to generate 9,311 MWh of renewable electricity per year.
The aim of the solar generation initiative is not only to reduce Puma Energy's greenhouse gas emissions on the sites and depots it owns, but also to reduce the emissions of the local dealers who operate many of the retail sites in Puma Energy's network. The expertise Puma Energy has developed by installing solar at its own retail sites now allows the company to offer its commercial and industrial customers solar generation packages and other low-carbon energy solutions alongside the fuels it has traditionally supplied.
Puma Energy made a commitment to achieving 30% of its Africa EBITDA from clean energy and transition fuels in its 2022 Sustainability Report and ESG Strategy. The rollout of solar solutions for Puma Energy commercial customers is part of that aim, and to hit the target, the company has committed an initial investment of USD 33 million to roll out its solar offer to its customers, starting with Botswana, Ghana, Malawi, Namibia, Tanzania and Zambia.
Sophonie Babo, Head of Strategy and Business Development for Puma Energy, said, "The 200 solar projects we are delivering is just the start of a broader strategy to contribute to the energy transition in Africa.
"Many of our commercial and industrial customers are looking to reduce their carbon emissions. By installing solar on our own assets, we have demonstrated our ability to offer to our customers solar solutions. Our aim is to help them hybridise their energy sources and reduce emissions across their operations. "
About Puma Energy
Puma Energy is a leading global energy business, safely providing energy across six continents. Its downstream business segments include fuels, aviation, lubricants, LPG and bitumen. It has 1,998 retail sites, a network of bitumen terminals and is present at 108 airports.
As of Dec. 9, 2022, Puma Energy has 184 operational solar sites in Ghana, Malawi, Botswana, Namibia, El Salvador, Honduras, Nicaragua, Panama, Puerto Rico, Guatemala and Papua New Guinea. Further solar projects are being installed at Puma Energy retail sites in Botswana, Malawi and Tanzania.
Source: Puma Energy