U.S. Trade and Development Agency (USTDA) awarded a US $704,815 grant to a Ghanaian solar power developer Home Energy Africa that will help to build a 100 MW PV plant in the village of Nyimbale-Sankana, Ghana.
According to the grant agreement signed at the U.S. Embassy in Accra last week, the developer will use the money to finance the technical assistance of the project. This includes preparation for power purchase agreement negotiations, services contracts and financing arrangements. Home Energy Africa has selected Brooklyn-based GreenMax Capital Advisors to provide the service.
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. Weve made increasing access to power one of the top priorities for our bilateral relationship, said the U.S. Ambassador to Ghana Robert P. Jackson.
The new PV plant in Nyimbale-Sankana is expected to generate enough clean electricity to power 80,000 average homes in Ghana. According to the local media, construction of the facility will start in 2017.
The lack of sustainable power supply is a main hurdle in Ghanas economic growth. The government is currently targeting 5GW of installed power generation in the country, including 10% from renewable sources.
In early April, Ghana's first solar module manufacturing plant, with an annual production capacity of 30 MW, was opened in Kpone. A week later, a Chinese company Beijing Xiaocheng powered a 20 MW plant near Accra, which is the countrys biggest operating PV facility to date.
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.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.