The French cable manufacturer Nexans has announced the completion of a 600 kW PV system on the rooftop of the company’s manufacturing facility near Beirut, Lebanon.
The company said the project was co-financed by its local unit Liban Cables and the World Bank Group-Global Environment Facility (GEF) Program. The installation is the first PV project that was completed within the framework of Lebanon’s Small Decentralized Renewable Energy Power Generation (DREG) Project.
The program covers a portion of the solar system’s cost through a grant by the GEF while the remaining cost will be financed through the National Energy Efficiency and Renewable Energy Action program (NEEREA) set up by Lebanon Central Bank.
The 1,900 PV panels installed at Liban Cables, which are replacing one of its six diesel electric generators, will cover around 8% of the electricity needs of the facility, the company added.
The DREG program is being financed by the GEF and is managed by the Ministry of Energy and Water (MoEW) of the Government of Lebanon in coordination with the Lebanese Center for Energy Conservation (LCEC). The implementation of the program is being conducted by the United Nations Development Programme (UNDP).
The program provides co-financing for the selected projects in the form of a grant, an enforced supportive policy and regulatory environment for attracting investments, and monitoring and quality control for renewable energy-based decentralized power generation.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.