Absa Bank Ghana invests $24 million in solar plants, taking the lead in green financing.

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A ground-breaking US$24 million corporate green credit made possible by Absa Ghana has significantly accelerated Ghana’s ambitious plan to diversify its energy mix and embrace renewable resources.

The money will support the Bui Power Authority’s groundbreaking 100 MW solar facility, enhancing the nation’s energy potential and promoting its commitment to sustainable development.

Leading the revolutionary solar project will be Meinergy Technology Limited, a recognized leader in renewable energy solutions. In addition, the agreement represents Absa Ghana’s first green loan, enhancing its standing as a prominent supporter of renewable energy and regional sustainability.

The strict adherence to the bank’s stringent sustainable lending rules served as the foundation for the Absa team’s persistent efforts to close this historic agreement. The project was carefully examined to make sure it satisfied a number of requirements and standards, which helped it get approved as an excellent green loan program.
Absa Bank’s Director of Corporate and Investment Banking, Ellen Ohene-Afoakwa, underlined the firm’s steadfast support of Africa’s shift to renewable energy.