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Puma Energy Zimbabwe says it plans to install solar power systems on 17 service stations across the country before the end of this year.
In June last year, Puma Energy, which has a presence on six continents, set a target to install 200 solar projects across its global network.
According to the group’s quarterly financial results for the three-month period ended September 30, 2022, by the end of the third quarter last year, Puma Energy had installed 150 solar projects.
Speaking to the Zimbabwe Independent, Puma Energy Zimbabwe general manager Donatien Kodog said:
We will be making significant investments to achieve this and have set a target aiming to derive 30% of our EBITDA (earnings before interest, taxes, depreciation and amortisation) in Africa from clean and transition fuels by the end 2027.
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| Puma Energy Zimbabwe Plans To "Solarize" 17 Fuel Service Stations In 2023 |
In order to reduce costs and service delivery challenges caused by extended power cuts, we are looking at installing alternative power solutions (mainly solar) to power our service stations.
By installing these systems on our own assets, we are building expertise in the renewable energy market, which positions us to help our larger industrial and commercial customers install lower carbon and clean technologies.
Due to the effects of climate change, there has been a global push for national economies to transition from fossil-based systems of energy production and consumption — including oil, natural gas and coal — to renewable energy sources like wind and solar, as well as lithium-ion batteries.
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