Empower New Energy has signed a landmark agreement to deliver a renewable energy solution for Narubiz Ltd., a leading natural rubber processing factory in Dompim No. 1, Western Region, Ghana. The project involves the installation of a 1.055 MWp Solar Photovoltaic (PV) system paired with a 4 MWh Battery Energy Storage System (BESS), aimed at addressing energy challenges while boosting the factory’s productivity and sustainability.
The facility, inaugurated in 2021 by President Nana Akufo-Addo, has struggled with high energy costs and unreliable electricity, hampering its operations. With a workforce largely sourced from the local community and over 1,700 rubber out-growers supplying raw materials, Narubiz plays a pivotal role in the regional economy.
The renewable energy investment will:
- Replace over 600 tons of CO2 emissions annually, totaling 10,000 tons over the project’s lifespan.
- Reduce dependency on diesel generators, offering a cleaner, more cost-effective energy solution.
Key Stakeholders Present at the Signing Ceremony:
- Empower New Energy: Represented by Terje Osmundsen.
- Narubiz Ltd.: Emmanuel Akwasi Owusu (Managing Director), James Owusu Korangteng (Operations Director), and Kweku Kum (Finance Director).
- RIEPCO Solar: Charles Tetteh Darko (Chairman), Justice Otoo (COO), and Sohrab Kakalia (CEO).
- Norfund: Represented by Lois Boye.
- GCB Bank and GIRSAL: Represented by senior executives.
- Ambassador Ingrid Mollestad: Representing the Norwegian government.
Managing Director Emmanuel Owusu expressed gratitude to Empower New Energy, GCB Bank, and GIRSAL, stating that the project positions Narubiz for sustainable growth in domestic and international markets. Ambassador Mollestad highlighted Norway’s commitment to supporting renewable energy initiatives in Ghana through Norfund, emphasizing the role of the solarization project in promoting sustainable development.
Empower New Energy CEO Terje Osmundsen remarked, “This investment showcases how solar solutions can empower local economies and advance sustainability in Ghana’s natural rubber sector.”
RIEPCO Solar Ltd., the implementing partner, will oversee the design, engineering, and maintenance of the project, ensuring reliable and sustainable energy delivery.
