BAT Nigeria announces massive investment in Solar Energy
Leading consumer goods company, British American Tobacco (BAT) Nigeria has restated its commitment to addressing climate change and environmental management issues, while delivering a positive social impact and ensuring robust corporate governance across its operations.
This was contained in a statement issued by the multinational organisation on the occasion of this year’s World Environment Day in Lagos, during which the company also highlighted some of its achievements and plans in the areas of waste and water management, reduction in Co2 emissions and transition to renewable energy sources in its operations.
Specifically, the company used the occasion to announce that it is implementing a 1 MW Solar Panel renewable energy solution (without backup battery storage) that would complement the existing gas engine-powered supply at its Ibadan factory.
The project, which will consist of the installation of 1,900 polar panels, will generate a cumulative energy of 1,400,000 KWh annually, representing about 6percent of the factory’s annual power requirement which would be injected directly into the company’s energy mix.
To achieve this, the company is making a significant investment of about £1m over the next two years on the project, which will reduce its carbon emissions (by the equivalent of 992 tons annually) taking the company closer to its target of 100percent renewable energy source and carbon neutrality by 2030.
Speaking on this investment, Area Director, BAT West and Central Africa, Yarub Al-Bahrani, said: “BAT Nigeria’s Sustainability Agenda is integral to our Evolved Group Strategy and reflects our commitment to the principal focus area of reducing the health impact of our business. This is underpinned by excellence across our other Environmental, Social and Governance (ESG) priorities. We are committed to reducing our climate impact, taking care of biodiversity, and rethinking our means of consumption.”
Source: Premium Times