Clean Power

Published on May 24th, 2016 | by Glenn Meyers

3

100 MW Ghana Solar Farm Gets Funding

May 24th, 2016 by  


Originally published on Planetsave.

Home Energy Africa, which specializes in the development and sales of renewable energy products for businesses, governments, and residential homes in Africa, has obtained a $705,000 grant from the US Trade and Development Agency (USTDA) for the development of a solar PV power generation project in Ghana.

Projected to begin construction in 2017, ESI Africa reports that this solar project will generate 100 MW of power, providing electricity to approximately 80,000 average homes in the country.

Ghana landscape shutterstock_373316443

The agreement between the two countries was signed by Robert P. Jackson, the US Ambassador to Ghana, and Charles Sena Kwadzo Ayenu, CEO of Home Energy Africa.

“Lack of power is a challenge we see across sub-Saharan Africa. Two out of three people in this region lack access to electricity. That hinders business, and it hinders prosperity. We’ve made increasing access to power one of the top priorities for our bilateral relationship. Today’s grant is just one more way we’re bringing together government and the private sector to make Ghana’s future brighter,” said Jackson.

Boosting the Supply of Electricity

“One of Ghana’s paramount constraints to sustainable economic growth is the country’s inadequate electric power supply. This grant will support us in bringing our solar power PV project to financial close in order to fill the gap in power supply, meet Ghana’s goals for clean and sustainable energy, help create over 200 jobs to local communities and provide electricity to at least 80,000 average homes in Ghana,” said Mr. Ayenu.

Ayenu stated Ghana presently has 2,450 MW of installed capacity, adding: “The government of Ghana aspires to double that capacity to 5,000 MW this year, including 10% from renewable sources.”

Ghana solart deal 20160518 Press Release Ghana Sankana Solar Project FINAL - IMAGE_700x300

Ambassador Jackson and Mr. Ayenu sign the USTDA grant agreement at the U.S. Embassy in Accra.

The USTDA grant targets providing technical assistance to Home Energy Africa by using GreenMax Capital Advisors, an American firm, in finalizing the legal and financial details necessary to implement the project. Project assistance includes preparation for power purchase agreement negotiations with the Electricity Company of Ghana, services contracts, and financial arrangements.

Ayenu said the signing of the grant was the last barrier that the company has had to cross for work to begin on the project. He added that the firm has also acquired a 30% equity funding agreement for the $150 million project.

Related: Off-Grid Electric Raises $25 Million For Micro-Solar In Africa

Images via Shutterstock and USTDA






Complete our 2017 CleanTechnica Reader Survey — have your opinions, preferences, and deepest wishes heard.

Check out our 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

Tags: , , , , , , , , , ,


About the Author

is a writer, producer, and director. Meyers was editor and site director of Green Building Elements, a contributing writer for CleanTechnica, and is founder of Green Streets MediaTrain, a communications connection and eLearning hub. As an independent producer, he's been involved in the development, production and distribution of television and distance learning programs for both the education industry and corporate sector. He also is an avid gardener and loves sustainable innovation.



  • TatuSaloranta

    Ghana’s progress seems pretty uneven and uncertain: there has been one 225 MW wind park project (Ayitepa) that was supposed to be done by year ago or more; and multiple solar projects like 155 MW Nzema — many news reports, yet seemingly slow progress. These days especially setting up a solar park should take months, not years.

    And this in a country where economic growth is literally stunted by blackouts and lack of energy, meaning that new production should be much more easily financed — electricity is sorely needed, and there’s good prospects for economic growth. Relatively speaking Ghana is a rather prosperous country.

  • Frank

    That’s nice and all, but I googled and it looks like they want to double generation with gas and oil? Ugh.

    • Harry Johnson

      Yeah, I was thinking the alternative headline would be: Ghana to double power generation with 90% fossil fuel…

Back to Top ↑