Puma takes solar to industrial, commercial customers

PUMA Energy has committed an initial investment of 33 million US dollars to roll out solar power solutions to its customers in Tanzania, Botswana, Ghana, Malawi, Namibia and Zambia.

The investment is part of the energy company’s pledge to achieve 30 per cent of its Africa Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) from clean energy and transition fuels as highlighted in its 2022 Sustainability Report and ESG Strategy.

Puma Energy, Head of Strategy and Business Development, Sophonie Babo, said the 200 solar projects they are delivering were just the start of a broader strategy to contribute to the energy transition in the continent.

“Many of our commercial and industrial customers are looking to reduce their carbon emissions,” Mr Babo said.

In its ESG Strategy, published in July this year, 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.