5 March 2018


IFU and Emerging Markets Power (Holdings) Limited (EMP) have signed an investment and joint development agreement in relation to EMP’s 90MW hybrid wind and solar project in Osudoku, Accra, Ghana.

The Osudoku project is situated 75 kilometres northeast of Accra and comprises 70MW of wind and 20MW of solar PV. The new investment and joint development agreement is signed by IFU and Emerging Markets Power with Vestas as technology partner. IFU will enter as 30% partner in the project. The parties will co-finance the further development and implementation of the Osoduko project that so far has obtained full generation and environmental permits.

The project is expected to require an investment of approximately USD 171m and to start operations in two years. The combination of strong wind resources, availability of open land and good access to transmission infrastructure make this an excellent location, and once completed, the Osudoku project will power 300,000 households and displace 110,000 Mtoe of CO2 per annum.

– Sustainable energy is crucial for tackling climate change and powering future development in Ghana. The Osudoku wind park can play an important role and we believe that this new partnership will ensure a successful implementation of the project, said Reik Haahr Müller, VP Climate Investments, IFU.

– The Osudoku Wind Farm once operational will contribute up to 5% of Ghana’s annual electricity, and assist Ghana in achieving its renewable energy targets while providing clean renewable energy at a competitive price to customers.  We are delighted to be working with such an accomplished consortium to deliver this project and to support Ghana in the global transition to clean, indigenous electricity generation, said Diarmuid Twomey, EMP’s CEO.

About EMP:

Emerging Markets Power (Holdings) Limited was established in 2016 to develop greenfield wind and solar PV projects in Sub-Saharan Africa and Southeast Asia.  EMP employs 10 people in its offices in Ireland, Ghana and Tanzania.  EMP’s founding principals have over 80 years’ global development experience.  For more information, see /