{
  "id": 10185581,
  "title": "IFC-LMI Holdings partnership expands renewable energy for Ghana industries",
  "url": "https://urgent.news/2026/09/27/ifc-lmi-holdings-partnership-expands-renewable-energy-for-ghana",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-27T09:14:35.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/09/27/ifc-lmi-holdings-partnership-expands-renewable-energy-for-ghana-industries/"
  },
  "original_language": "en",
  "account": "The International Finance Corporation (IFC) and LMI Holdings have enhanced their collaboration to supply renewable energy infrastructure to businesses in the Tema and Dawa Industrial Zones, Ghana. The latest phase, known as the Solar for Industries (SFI) project, aims to deliver more dependable and environmentally friendly power to industrial clients. According to an Accra-based announcement, over 100 companies engaged in manufacturing, agro-processing, logistics, and other sectors within the two industrial zones are slated to reap the benefits of this initiative. The SFI project is projected to generate approximately 250 direct and 500 indirect jobs during construction, while sustaining 19 permanent operational roles post-construction. A $39.5 million financing package will fund the completion of the initial 100-megawatt phase of a 200-megawatt solar photovoltaic (PV) project situated in the Dawa Industrial Zone. This financing constitutes the second instalment of a $100 million facility, following a $21 million initial commitment by IFC in the financial year 2024, of which $21 million was disbursed in 2025. The solar facility is designed to bolster Ghana's manufacturing sector and heighten local value addition by delivering dependable and economical renewable energy to industrial users. Additionally, it will assist businesses in diminishing emissions stemming from their manufacturing value chains, enhancing operational efficiency, and expanding their operations. This investment dovetails with LMI Holdings' comprehensive infrastructure network across the Tema and Dawa Industrial Zones, encompassing electricity, water, logistics, and digital services. Moreover, it aligns with Ghana's National Energy Transition Framework, which advocates for heightened renewable energy utilization while striking a balance between energy security and socio-economic development requirements. The financial package amalgamates IFC's capital, backing from the International Development Association's Private Sector Window, and directly sourced private capital. The statement highlighted that the combined financing sources are anticipated to augment the capital available for completing the solar facility, thereby elevating its affordability. \"The investment builds on an earlier IFC-LMI Holdings partnership that supported the development of a 16.82-megawatt rooftop solar facility at the Tema Industrial Zone,\" the announcement added. That previous collaboration also financed a 11,000-cubic-metre-per-day water treatment plant at the Dawa Industrial Zone. The rooftop solar installation was hailed as the largest operational facility of its type in Africa, underscoring the partnership's emphasis on renewable energy and sustainable industrial infrastructure.",
  "summary": "The International Finance Corporation (IFC) and LMI Holdings have expanded their partnership to provide renewable energy infrastructure to businesses in the Tema and Dawa Industrial Zones. The post IFC-LMI Holdings partnership expands renewable energy for Ghana industries appeared first on Ghana Business News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "3News",
        "title": "President Mahama and Boeing discuss strategic partnership to revive Ghana’s national airline",
        "url": "https://urgent.news/2026/09/27/president-mahama-and-boeing-discuss-strategic-partnership-to-revive",
        "published": "2026-09-27T08:16:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}