French renewable power producer Qair on Monday announced the commissioning of a ground-based photovoltaic (PV) plant in Morocco that will be supplying Swiss food and drinks giant Nestle SA (VTX:NESN).
Located at the site of Nestle Morocco’s factory in El Jadida, the solar park is equipped with 2,600 PV panels that cover a total area of over 7,000 sq m (75,300 sq ft). It was built at a cost of MAD 12 million (USD 1.3m/EUR 1.1m). Construction at the site began in August 2020.
Qair noted that this is the first private solar power plant in Morocco.
The French firm is the owner of the installation and will also take care of its operation and maintenance. Power supplies to Nestle will be delivered through a power purchase agreement (PPA).
The power plant is expected to produce around 1.7 GWh of electricity per year for Nestle’s local manufacturing base, thus enabling it to cut 1,000 tonnes of carbon dioxide (CO2) emissions annually.
Nestle aims to cut by 50% its CO2 emissions by 2030 and achieve net-zero by 2050.
MAD 1.0 = USD 0.111/EUR 0.093