Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.
Energy Finance & Investment News in Ghana
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.
ENGIE and eleQtra, a UK-based developer of power and transportation projects in sub-Saharan Africa, signed a Joint Development Agreement that defines the terms and the schedule for the development and construction of the 50 MW Ada Wind power project in the Greater Accra Region in Ghana.
On track to becoming a critical base-load component in meeting Ghana’s growing electricity demand, the Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017.
International Finance Corporation (IFC), UK Export Finance (UKEF) and a commercial bank group led by HSBC, ING, Société Générale and Standard Chartered Bank acted as lenders on the financing of Vitol’s participation in the Offshore Cape Three Points (OCTP) oil and gas field project involving the development of the Sankofa-Gye Nyame fields in Ghana.
Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
Amandi Energy Limited has reached financial close and begun construction of a 200 MW combined cycle, dual-fuel power project in Aboadze, Ghana.
Early Power consortium, formed by Africa-based Endeavor Energy, Sage and General Electric, has signed a 20-year power purchase agreement (PPA) with the Electricity Corporation of Ghana (ECG) for the 400 MW greenfield Bridge Power project.
U.S. Trade and Development Agency (USTDA) has awarded an U$704,815 grant to Home Energy Africa Limited, a Ghanaian solar power developer, for technical assistance that will help bring a 100-megawatt solar power photovoltaic (PV) project in the village of Nyimbale-Sankana, Ghana towards financial close.
The Government of Ghana (GoG) is inviting private sector participation into the management, operation of, and investments in the Electricity Company of Ghana (ECG) through a long-term concession over ECG’s distribution business.
Vitol Ghana, a subsidiary of Vitol Group, has requested financing from the International Finance Corporation (IFC) for the Offshore Cape Three Points (OCTP) project in the Western Region of Ghana.
International power developer, Joule Africa, and leading infrastructure equity investment manager, African Infrastructure Investment Managers (AIIM) have entered into an agreed framework that provides AIIM the opportunity to become a major equity investor in the power projects being developed by Joule Africa.
The government of Ghana has signed an agreement for the development of the Offshore Cape Three Points (OCTP) integrated oil and gas project.
According to local sources, the Electricity Company of Ghana (ECG) would be privatised by March or June 2016 year depending on the privatization method the government chooses.
Cenpower Generation Company Limited, a Special Purpose Vehicle created to develop the Kpone Independent Power Plant (‘KIPP’) in the Tema industrial zone, close to Ghana’s capital, Accra, has announced the financial close of the required US$ 900 million of project finance.
Sumitomo Corporation will participate in the 340 MW Kpone combined cycle power plant, located about 25 kilometers from Accra, Ghana.The Sumitomo Corporation Group has announced that it has acquired 28% of the project company’s shares on 24 September 2014. The others shareholders are Cenpower Holdings Limited (21%), the Africa Finance Corporation (31.5%) and others.
Global wind and solar company Mainstream Renewable Power has announces the signing of an agreement with Swiss wind farm developer NEK Umwelttechnik to purchase the 225 MW Ayitepa wind farm in Ghana.
Santerre Limited has entered into an agreement to finance and develop a 200 MW combined-cycle thermal power plant in Ghana as an independent power producer (IPP).
Quantum Power Ghana Gas, a subsidiary of Quantum Pacific, has signed an agreement with Golar LNG to build a liquefied natural gas import terminal in Ghana.
Standard Chartered is more than doubling its commitment to ‘Power Africa’ by increasing its pledge from US$2 billion to US$5 billion, after reaching its initial commitment in 12 months.