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PASH Global  and Engen Ghana are partnering to finance a Solar PV Hybrid Installation Project news

PASH Global and Engen Ghana are partnering to finance a Solar PV Hybrid Installation Project

PASH GLOBAL (PASH) and Engen Ghana Ltd. (EGL) have entered a formal financing, engineering, procurement, and construction contract to execute a Solar PV Hybrid Installation Project. EGL is one of the leading oil marketing companies in the downstream petroleum industry in Ghana. P

ASH will install battery storage capacity and solar PV modules on rooftop canopies and stores at various Engen retail service stations. The first pilot phase is now complete, with a fully operational system featuring a total storage capacity of 184kWh and solar PV capacity of around 100kWp (AC).

The project aims to enable selected Engen sites to operate fully off-grid, significantly lowering their reliance on mainstream electricity supplies and thus their electricity costs.

“This continues PASH’s exciting progress in Africa. Our persistent focus on the renewable energy development on the African continent has led to the development of this inspiring Solar PV Hybrid Installation Project with Engen Ghana. Like PASH, Engen is known for its contributions towards delivery of progressive and more sustainable energy solutions to its customers. We look forward to working hand in hand with Engen to increase local visibility of renewable energy for a fast-evolving African green transition’ – commented Kofi Owusu-Bempah, CEO & Managing Partner of PASH.

“At Engen, we put our customers first and are committed to seeking out more sustainable ways of operating, and this project forms part of our ESG strategy and our goals to redefine the traditional service station experience. Our ambition is for our service stations to become green community hubs. The first phase of this project will see the Solar PV hybrid installations at five (5) service stations, with a plan to progressively roll out across our entire network of over 50 service stations. This will ultimately result in lower energy costs, and a greener business footprint and contribute to the decarbonization of our energy system. Our vision aligns with PASH’s and we find them to be a reliable partner.” – commented Brent Nartey, Managing Director of Engen Ghana Ltd.

PASH Global (PASH) is an energy transition investor. Headquartered in London, PASH was established in 2012 with the intention of using the latest innovations in technology to develop, finance, build, operate and maintain clean energy assets globally.

As an impact investor, PASH works to enhance the social and environmental impacts of its Projects. For more information on PASH, visit: 

Engen Ghana Ltd. (EGL) is a specialist in the supply of refined petroleum products and other downstream-related activities. Engen Ghana currently operates over 50 service stations across the country and services over 50 commercial customers. EGL was acquired by Mocoh Ghana Limited in March 2019.

The company is majority Ghanaian owned and part held by the Mocoh Group. The Mocoh Group, headquartered in Geneva, has been trading and supplying progressive energy solutions across the African continent and beyond for 23 years. Licensed by the National Petroleum Authority, Engen Ghana began operating in 1998 and has enjoyed continuous growth, both in our retail and commercial activities since. 

 engen.com.gh

www.pashglobal.com

 

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