Category Archives: Events Attended

Ghana Capital Partners 28MW solar PV project awarded runners-up at 2nd West Africa Forum for Clean Energy Financing (WAFCEF 2) in Abidjan, Côte d’Ivoire

Sidney Yankson (right), founder of Ghana Capital Partners with Akinwumi Adesina (left), President of African Development Bank, Abidjan, Côte d'Ivoire     Sidney Yankson (left), founder of Ghana Capital Partners receiving his award from senior members of the African Development Bank, namely Mulu Ketsela, Ronald Meyer, Rafique J. Mahomed, Abidjan, Côte d'IvoireSidney Yankson, Ghana Captial Partners (right) at WAFCEF-2 with Albert Boateng (left) of CTI-PFAN, Abidjan, Côte d'Ivoire        Sidney Yankson, Ghana Capital Partners presenting to the judges and delegates at Africa Energy Week, African Development Bank, Abidjan, Côte d'Ivoire

 

Finalists of WAFCEF-2, Abidjan, Côte d'Ivoire

Ghana Capital Partners (“GCP”)  was awarded the runners-up prize in Abidjan, Côte d’Ivoire on 17 September 2015, at the West Africa Forum for Clean Energy Financing (WAFCEF-2).

Jointly organised by the African Development Bank (AfDB) / Sustainable Energy Fund for Africa (SEFA), the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) and the Climate Technology Initiative – Private Financing Advisory Network (CTI P-FAN), the second West Africa Forum for Clean Energy Financing (WAFCEF-2) business plan competition took place at AfDB Abidjan headquarters, September 17, 2015 as part of the ECOWAS Sustainable Energy & Investment High Level Forum.

The GCP project was the only project from Ghana to be included as a finalist. The other projects were from all over West Africa, including Senegal, Burkina Faso, and Nigeria.

Founder of GCP, Sidney Yankson said, “It was a great honour to represent Ghana at this event. Yesterday at the Energy Week Forum we heard Akinwumi Adesina, the President of the African Development Bank, the Prime Minister of Côte d’Ivoire, the Prime Minister of Benin  and the Prime Minister of Democratic Republic of Congo all share their support and vision for renewable energy as a key part of Africa’s future. It was great to be a part of that.”

GCP’s ground mounted 28MW solar PV project will provide much needed electricity to Ghana and will produce enough power annually to power 200,000 homes. This will raise one million (1,000,000) people out of energy poverty. The project will also reduce green house gas (carbon offset) emissions by 18,900 tonnes of carbon dioxide (CO2) per annum for the 25 years of the plant.

Alex Deprez, regional director of USAID said that together with Power Africa, USAID was happy to support clean energy projects in the region.

For more information, see:

WAFCEF-2

Energy Week, Abidjan, 14-18 September 2015

About SEFA

SEFA is a USD 90 million multi-donor facility funded by the governments of Denmark, the United Kingdom and the United States. It supports the sustainable energy agenda in Africa through: grants to facilitate the preparation of medium-scale renewable energy generation and energy efficiency projects; equity investments to bridge the financing gap for small- and medium-scale renewable energy generation projects; and support to the public sector to improve the enabling environment for private investments in sustainable energy. SEFA is hosted by the Energy, Environment and Climate Change Department of the AfDB.

About ECREEE

ECREEE is a specialised agency of the Economic Community of West African States (ECOWAS) which acts as an independent body, within the legal, administrative and financial framework of ECOWAS rules and regulations. The overall objective of ECREEE is to contribute to the sustainable economic, social and environmental development of West Africa by improving access to modern, reliable and affordable energy services, energy security and reduction of energy-related GHG emissions and climate change impacts on the energy system.

About CTI PFAN

CTI PFAN is a multilateral, public-private partnership initiated by CTI in cooperation with the UN Framework Convention on Climate Change’s Expert Group on Technology Transfer.

 

Ghana Capital Partners shortlisted for second West Africa Clean Energy Finance Forum (WAFCEF-2) in Accra, Ghana, 25 March 2015

CTI-pfan

Ghana Capital Partners was shortlisted from 50 applicants to participate in the second West Africa Clean Energy Finance Forum (WAFCEF-2).

The WAFCEF-2 partners include the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN), Regional Clean Energy Investment Initiative (RCEII) together with the United States Agency for International Development (USAID), the ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE), Banque ouest africaine de développement (BOAD), and the African Biofuels and Renewable Energy Company (ABREC), which is affiliated with the ECOWAS Bank for Investment and Development (EBID).

The purpose of the forum is to reach out and attract potential start-ups and existing companies with promising clean energy projects. West African businesses selected through the Business Plan Competition will receive free mentoring to help them polish their business plans, develop convincing investment pitches, and formulate a commercially, financially, socially and environmentally viable growth strategy that in turn will significantly enhance the possibility of obtaining financing.

Albert Boateng, regional co-ordinator for West Africa, opened the session in Accra today and said the standard of applicants was high.

GCP founder Sidney Yankson presented GCPs 28MW solar PV project to the workshop. The GCP project once constructed will provide much needed power to the Ghana electricity distributor, Electricity Company of Ghana, for 200,000 homes.

The project is set to provide 42 GWhr/year of energy and create at least 20 jobs.

Sidney Yankson of GCP said, “We are keen to get the project off  the ground. The rolling blackouts in Ghana are probably reducing the countries output by 1% of GDP per ann.”

About the Sustainable Energy Fund for Africa (SEFA): SEFA is a multi-donor facility to support the sustainable energy agenda in Africa, operating through three components: (i) grants to facilitate the preparation of medium-scale renewable energy generation and energy efficiency projects (ii) equity investments to bridge the financing gap for small- and medium-scale renewable energy generation projects and; (iii) support to public sector in improving the enabling environment for private investments in sustainable energy. SEFA is endowed with US $60 million from the Governments of Denmark and United States and hosted by the Energy, Environment and Climate Change Department of the AfDB.

CTI-PFAN WAFCEF workshop - Accra, Ghana - 25 Mar 2015      CTI PFAN workshop, Accra, Ghana - 25 March 2015

 

Sidney Yankson lectures Cambridge Africa Business Network on Private Equity Opportunities in Africa

Cambridge Africa Business Network

Cambridge Africa Business Network

Ghana Capital Partners (“GCP”) CEO, Sidney Yankson, recently delivered a presentation on the opportunities for investors in Africa, with a particular focus on private equity. Presenting at the Judge Business School on Trumpington Street in Cambridge, Mr. Yankson’s presentation was simultaneously broadcast live via an online webinar.

His presentation covered such topics as best sectors for growth, ethics of investing in Africa and how to deal with corruption.

This presentation was one of a series of expert presentations at the Judge Business School at the University of Cambridge.

The Webinar details can be found here and the recorded presentation together with questions and answers can be found by clicking here.

Sidney Yankson attends Ghana – China Friendship Day, Accra, Ghana, 23rd August 2013

Sidney Yankson recently attended the Ghana-China Friendship Association (“GHACHIFA”) in Accra, Ghana held at Teacher’s Hall, Accra.

The keynote speaker, H.E. Victor Gbeho, president of ECOWAS and Ghana’s former Foreign Minister, gave a detailed review of the history and context of the Ghana-China relationships over more than five decades.

The Chinese Ambassador to Ghana, H.E. Gong Jianzhong, gave a warm reply.

The other guests included the Speaker of the Parliament of Ghana The Rt. Hon. Edward Doe Adjaho, H.E. Mr. Kojo Amoo-Gottfried, President of GHACHIFA and former Ghanaian Ambassador to China, Ambassador Thomas Kwesi Quartey, Deputy Minister For Foreign Affairs And Regional Integration, as well as almost 100 officials, dignitaries, businessmen and members of the diplomatic corps.

Please click here for more information about GHACHIFA.

Africa-European Union Energy roundtable says that early stage project finance remains a key challenge

The EUEI PDF Roundtable on Venture Capital for Renewable Energy and Energy Access in Africa has recently published a summary of the event. The EU brought together a small group of professionals from private equity / venture capital as well as development agencies and banks for a semi- informal roundtable discussion. Mr. Sidney Yankson attended the event on behalf of Ghana Capital Partners (“GCP”). The event found broad interest among the respective practitioners in Brussels and EUEI-PDF gladly offered a platform for initial brainstorming and scoping of interests, expectations and needs.

Please click here for the website information and here for the summary pdf.

Wharton hosts African Investment Panel in Hong Kong

Yesterday (Monday, 6 May 2013) in Hong Kong, The Wharton Club of Hong Kong presented a dinner and African Investment Panel jointly with the Wharton Club of Africa (“WCA”). The dinner was attended by a select gathering who heard about specific investment opportunities in Africa from the panelists.

Click here for further details.

EU Energy Initative

Ghana Capital Partners CEO Sidney Yankson attends an EU Energy Initiative Partnership Dialogue Facility event held in Brussels hosted by the Africa-EU Energy Partnership (AEEP) and the Africa-EU Renewable Energy Cooperation Programme (RECP) with a focus on improving and increasing access to modern, affordable and sustainable energy services in Africa.

www.euei-pdf.org

www.africa-eu-renewables.org