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ada solar energy

SUSTAINABLE ENERGY SUPPLY

If you think you can, you can... and if you think you can’t, you’re right!
— Mary Kay Ash

Projects

Ada Solar Energy will develop, build and operate solar PV farms in the Republic of Ghana. Each farm will be 24 MWp/20 MW. The first will be built in the Ada region - 110 km east of Accra, the capital of Ghana.

The project has attractive characteristics including:

  • ROI: 20 %/year and gross project ROI of 500 % (25 years)
  • Recuperation of investment: 5-7 years
  • Unleveraged post tax IRR: 15.6 % in year 25
  • Production: 40 GWh in year 1
  • Insurance coverage: loss of revenue for up to 52 consecutive weeks
  • Capex: mUSD 30-35 (mUSD 1.45/MWp) (average PV cost in Africa: mUSD 3.71 MWp, cf. Clean Energy Pipeline, Finance Guide 2015).

The project enjoys strong support from the family owning the land and from the Member of Parliament for the Ada constituency. 1,000 hectares has been secured for the project and the company will be allowed to build both solar PV farms and wind turbines on the land.

Once the first farm has been built, it is the intention to build another 180 MW, at the same site or in other regions in the country, while at the same time developing wind farms on land made available to the company.

 

An ideal size for the network of the future!
— Henrik Christensen, Chairman of Ada Solar Energy

The Team

Mr. Henrik M. Christensen
Chairman of Ada Solar Energy Ltd.
(61 years old, Danish citizen)

SUMMARY OF QUALIFICATIONS

  • Owner and Chairman at Ada Solar Energy Ltd. (Ghana).
  • MBA in Shipping and Logistics and specialises in shipping, logistics and supply chain industry as well as M&A services.
  • Extensive international business network in China, Africa and Europe.

RELEVANT EXPERIENCE

  • 40+ years in shipping and transportation industry with e.g. German world leader Kuehne & Nagel.
  • Lived in Dar es Salaam, Tanzania, for 10 years and thereafter 8 years in the UK.
  • From 1996 situated in Hong Kong working as independent M&A consultant including listing of companies in the US.
  • In 2012 acted as consultant for Chinese oil & gas in Nigeria for refinery projects in Nigeria worth USD 6 billion.
  • In 2013 acted as consultant for Ghana company to build inland ports and refinery in Ghana and founded Ada Solar Energy Ltd., to build 200MW of solar and wind farms in Ghana.
  • Also building Guinea Shipping Corporation, a national shipping line as a JV between the Republic of Guinea with a mandate to carry the first 50% of the country import and export.

 

Mr. Lars Møller Salling
CEO of Ada Solar Energy Ltd.
(39 years old, Danish citizen)

SUMMARY OF QUALIFICATIONS

  • Owner and Chief Executive Officer at Ada Solar Energy Ltd. (Ghana)
  • Partner (Attorney-at-Law) at Energy Attorneys (until 2015 at Kromann Reumert, Denmark’s leading law firm).

RELEVANT EXPERIENCE

  • Specialized in Energy Law and Mergers & Acquisitions since 2004. Advising players ranging from large corporations and international clients to smaller businesses within the Danish and European energy sectors, including the largest utility companies in Denmark. The work centred inter alia on assisting clients develop, sell and purchase wind and solar projects and project manage the very large M&A deals.
  • Inter alia Danish contributor to Herbert Smith's "European Energy Review" publication for several years.

 

Mr. Akindeji O. Akinade
Country Director, Ada Solar Energy Ltd.
(45 years old, Nigerian citizen)

SUMMARY OF QUALIFICATIONS

  • Owner and Country Director at Ada Solar Energy Ltd. (Ghana).
  • Chief Representative( West Africa) of Corporate Capital Consultants, HK.
  • Extensive business network in Nigeria and Ghana.

RELEVANT EXPERIENCE

  • Trained as Project Management Consultant in the United Kingdom.
  • Worked for One of Nigeria’s biggest Insurance Firms, IGI.
  • In 2013 acted as sub-consultant for Ghana company to build inland ports and refinery in Ghana and founded Ada Solar Energy Ltd., to build 200MW of solar and wind farms in Ghana.
  • In 2013, appointed Special Adviser to Federal Commissioner in Population Commission in Nigeria.
  • Represents Corporate Capital Consultants, Hong Kong in business development and Management in West Africa .

 

Mr. Jens Moller Salling
Director of Ada Solar Energy Ltd.
(65 years old, Danish citizen)

SUMMARY OF QUALIFICATIONS

  • Owner and COO at Ada Solar Energy Ltd.
  • Consultant to a number of infrastructure projects in Ghana, Guinea and Nigeria gaining valuable local expertise in the process.

RELEVANT EXPERIENCE

  • 15 years Corporate Managerial work experience in Africa, Asia & Europe in the shipping and equipment leasing industries including a posting to Lagos, Nigeria as Owner’s Representative for the shipping line of The East Asiatic Company, at the time Scandinavia’s largest business Group.
  • 27 years as Independent, managing companies in the sectors of shipping & logistics, Owner’s Representative for North Asia for Angola’s national shipping line 1992 - 1997, equipment leasing - sprinkled with consultancy assignments in Africa.
  • Consultancy assignments focused on Inland Container Terminals (and associated infrastructure) in Nigeria & Ghana and the setting up of a national shipping company in Guinea.

 

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NEWSLETTER

CO2-free electricity production
— Akindeji Akinade, Country Director of Ada Solar Energy

Who to contact at ADA SOLAR ENERGY?


If your request is urgent, please call our hotline at +233 303 973 228 / +233 303 973 229

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