Press & Media Resources

ACCRA, Ghana — November 7, 2026 — Yakadam Energy Limited and Konsule Plus Holdings, the mandated lead developer of the Gomoa Special Economic Zone (G-SEZ), signed a Joint Venture and Special Purpose Vehicle (SPV) Shareholders’ Agreement on October 29, 2026, to develop, finance, build and operate a 100 MW solar facility, expanding to 200 MW in Phase 2.

The established project SPV, Yakadam Gomoa Energy Ltd, will hold the land rights, execute financing, construction and power purchase agreements, and own and operate the facility. Its board will include representatives of both partners and project funders.

The facility will supply government utilities and factories within the zone under long-term power purchase agreements(PPAs), with surplus electricity available to industrial users outside the zone and neighboring West African countries.

Yakadam Gomoa Energy will structure financing, mobilize international funding and engage a qualified engineering, procurement and construction (EPC) partner to deliver the facility within the G-SEZ Energy Corridor. Yakadam will also support Ghana Free Zones Authority licensing, other required permits and local recruitment.

Yakadam Group met with the leadership team of the Gomoa Central Special Economic Zone (GC SEZ) to formally submit its Expression of Interest (EOI) and renewable energy project teaser for review.

Discussions focused on land requirements, Power Purchase Agreements (PPA), grid infrastructure, and the technical studies needed to advance the proposed project toward bankability and investor readiness. Yakadam emphasized that securing a credible PPA framework is critical for attracting investors and development partners, while GC SEZ confirmed that engagement with relevant government stakeholders is ongoing.

Both parties agreed to continue discussions as technical assessments progress, with GC SEZ expected to provide a formal response to Yakadam Group's submission to guide the next phase of collaboration.