US gives $705,000 to Home Energy Africa for solar project

The U.S. Trade and Development Agency is giving $704,815 to an African energy company to provide technical assistance on a large scale solar power project in Ghana.

GreenMax Capital Advisors will consult with Home Energy Africa  to help close out a 100 megawatt solar project in Nyimbale-Sankana. Home Energy Africa officials said the project and others like it are critical for bolstering the economy in Ghana, where two out of three people don't have regular access to electricity.

"One of Ghana's paramount constraints to sustainable economic growth is the country's inadequate electric power supply," President and CEO of Home Energy Africa Charles Sena Ayenu said. "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."

The grant is part of the government's Power Africa initiative to expand power access across the continent. It was signed by U.S. Ambassador to Ghana Robert Jackson and Ayenu.