A 100MW solar plant in Ghana is to be financed through a green corporate loan facilitated by Absa Bank. “The deal also marks the first-ever green loan undertaken by Absa Ghana, solidifying its position as a leading advocate for green energy and regional sustainability,” the Bank said. Ellen Ohene-Afoakwa, Director of Corporate and Investment Banking at Absa Bank, said: “The world’s attention is increasingly turning towards clean energy and climate change mitigation. Ghana ranked fourth in Africa for installed capacity in 2022 at 71.2MW, with the country’s 50MW phase of the BPA hybrid solar-hydro project boosting its installed solar capacity in 2022. Ghana aims to increase its utility-scale solar power by 150 to 250MW to achieve its climate change commitments.

Source: The North Africa Journal August 03, 2023 12:52 UTC