Accra, Ghana, November 27th, 2023 – The Minister of Energy, Honorable Matthew Opoku Prempeh paid a working visit today to the site of AFRICA’S LARGEST SOLAR ROOFTOP PROJECT. Owned by Helios Solar Company (Helios), part of the LMI Holdings Group, and located in the Tema Freezone, the rooftop solar project will supply 16.82 megawatt of energy to Helios and its partners. This achievement by Helios Solar represents a significant milestone for the company and underscores its commitment to facilitating Ghana’s industrialization ambitions.

The Project is fully funded by the International Finance Corporation (IFC) as part of $30 million clean power and water deal with LMI Holdings to support job creation and greener, more sustainable, and more competitive industrial development in the country. The solar plant , compared with current thermal power on the national grid, is expected, to reduce Ghana’s emissions by approximately 13,000 tons of CO2 equivalent annually. The PV Solar project involves the installation of 29,252 solar panels of the latest Ntype technology across a rooftop area of 95,000m2 of the International Warehousing Company Megawarehouse located in the Tema Freezone. A total of 128 Ghanaian nationals are directly employed in the implementation of the solar project.

Once in use, it is projected that the solar system will annually produce 24,750 MWh of clean, stable and sustainable electricity, and this quantum of power generated is equivalent to the annual consumption of 55,000 homes in other words the capacity of the plant can power 55,000 homes.

The PV Solar project is engineered by Ghana-based solar energy firm, Dutch and Co. who are the EPC and O&M contractor, on the project.

“This project demonstrates how the private sector can bring effective solutions to development challenges and support job-creation. Through this investment, IFC’s first that is funding both infrastructure and development in an industrial special economic zone in sub-Saharan Africa, IFC is supporting Ghana’s industrialization ambitions for a greener and more sustainable future,” said Kyle Kelhofer, IFC’s Senior Country Manager for Ghana.

“As an indigenous Ghanaian company, LMI is committed to the task of facilitating our country’s. industrialization ambitions and boosting exports. This partnership with IFC gives LMI the means and space to make big bets in Ghana and beyond. Through this investment, the project will demonstrate how the private sector can bring effective solutions to development challenges. Helios Solar of LMI Holdings seek to supporting Ghana’s industrialization ambitions for a greener and more sustainable future and support job-creation,” said Kojo Aduhene, LMI’s CEO.