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Solar for Industries

Sector: Commercial • Location: Ghana

Source: International Finance Corporation (IFC)

Project
Active

 IFC is considering a total funding package of US$100.0 million for Solar for Industries Limited, a subsidiary of LMI Holdings Limited (“LMI”), an existing client of the IFC. This includes an up to US$30 million IFC A Loan, up to US$40 million mobilized in B/Parallel loans, and an additional up to US$30 million subordinated loan from the IDA20 Private Sector Window Blended Finance Facility (“IDA P

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The project “Solar for Industries” is an infrastructure initiative in the Commercial sector, located in Ghana. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Original status

active

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Description

Description

 IFC is considering a total funding package of US$100.0 million for Solar for Industries Limited, a subsidiary of LMI Holdings Limited (“LMI”), an existing client of the IFC. This includes an up to US$30 million IFC A Loan, up to US$40 million mobilized in B/Parallel loans, and an additional up to US$30 million subordinated loan from the IDA20 Private Sector Window Blended Finance Facility (“IDA PSW BFF”). The funds will be used to develop and operate up to 150MW of solar power for industrial parks to  be deployed in phases in Ghana’s Tema Free Zones Enclave (“Tema FZ”) and Dawa Industrial Zone (“Dawa IZ”), in Ghana (the “Project”). The expected support from IDA20 PSW BFF is described further in the Blended Finance Section.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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