Konexa Welcomes Development Funding from Climate Fund Managers (CFM) to Power Nigerian Breweries Plc, The HEINEKEN Company with Renewable Energy We are thrilled to announce the continued support of Climate Fund Managers (CFM) through development funding for Phase Two of our renewable energy expansion in Nigeria. This funding will play a pivotal role in advancing the development of a new renewable energy supply that will power Nigerian Breweries Plc sites in Lagos and Ama, enabling NBPlc’s transition to 100% renewable energy. At Konexa, we believe that transforming energy systems requires collaboration with like-minded partners, and CFM’s continued investment reaffirms their commitment to our shared goals. This project will not only support NBPlc’s decarbonization efforts but also create critical infrastructure to power additional commercial and industrial clients across Nigeria.
📢 CFM to fund phase two of Konexa's renewable energy expansion in Nigeria. Earlier today Konexa and Nigerian Breweries Plc signed a Power Purchase Agreement to supply renewable energy to two new NBPlc sites in Lagos and Ama. CFM will provide development funding from our European Commission -backed Climate Investor One fund to advance the project, which will supply green energy to the two NBPlc sites and other C&I clients, along with infrastructure to connect them to the grid. Once operational, the project will offset 46,000 tCO2e annually—equivalent to taking 11,000 gas-fuelled cars off the road—and create 100 construction jobs and 35 permanent roles. Darron Johnson, CFM’s Regional Head of Africa, said: “By integrating sustainable energy sources into the grid, Konexa’s platform helps its clients reduce reliance on fossil fuels while also strengthening the grid’s resilience and driving sustainable economic growth.” The project builds on the success of Phase One, which established a private renewable electricity trading platform and supplied green energy to two NBPlc sites in Kaduna State. Congratulations to all our partners on this milestone. Read the full press release here: https://lnkd.in/efasFmyt #RenewableEnergy #NigerianBreweries #PowerNigeria