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Visit to Miniplast Ltd to celebrate EU-Ghana partnership on green growth - making business with solar energy

EU Ambassador to Ghana Irchad Razaaly, on 5 May 2022, paid a visit to Miniplast Limited, a plastic manufacturing company supported by the European Union that puts climate mitigation at the core of its business model. The visit highlighted the successes of EU-Ghana cooperation on green growth and sustainable energy solutions. The visit formed part of Europe Week 2022 activities in Ghana.

Ambassador Razaaly was accompanied by Nadim Ghanem-Pares, CEO of Miniplast, and Francis Asante, CEO of Stella Futura Ghana Ltd.

Ambassador Razaaly was accompanied by Nadim Ghanem-Pares, CEO of Miniplast, and Francis Asante, CEO of Stella Futura Ghana Ltd

Located on Spintex Road in Accra, the main plant is powered by a 782 kW solar plant installed on their factory roofs. The company also recycles plastics collected in Ghana to produce its products (bottles, packaging, chairs and tables), thus contributing to create jobs and reduce plastic pollution in the country.

The solar plant has generated 793 MWh of clean energy in the first year, with an estimated 514 tonnes of CO2 saved – equal to the emissions from heating of about 200 UK households or 215 thousand litres of gasoline burned. This investment will further generate about 50 yearly jobs for construction and operation, in addition to the 32 jobs created by the plastic recycling activities, and make Miniplast products more competitive on the market.

All of this has been initiated thanks to the EU-funded Financing Initiative ElectriFI, which supports Empower New Energy, an award-winning impact fund manager. The fund has launched projects in several African countries, including Ghana, to invest in small and medium-scale renewable energy initiatives. In Accra, Empower is directly supporting Stella Futura Ltd, the company that designed, built and operates the Miniplast solar plant. This shows how EU investments enable a faster uptake of local clean energy production.

“I am impressed by Miniplast’s efforts to achieve corporate and environmental responsibility. The company is a prime example of how to create jobs and be competitive by mitigating environmental impact,” said Ambassador Razaaly. “This confirms that EU investment in green initiatives can directly contribute to developing clean energy solutions and jobs at local level,” he added.