Ghana: Energy Commission to create solar power market

Share

The Ghana Energy Commission has unveiled plans to create a market for solar power production in an effort to secure a more efficient energy source as the West African country grapples with a national power crisis.

Accroding to a report by Ghana's Ministry of Energy & Petroleum (MoEP), the Commission is planning to ask parliament to approve specific incentives, including tax credits, that could prove attractive for solar energy production and purchasing in Ghana.

Energy Commission representatives met last week with industry players, including the Ghana Real Estate Development Association (GREDA), at a stakeholders' meeting in order to inform the proposal to parliament.

Commission Chairman Kwame Ampofo said that just as there were market regulations that allow banks to offer products such as car loans to clients, parliament could also create regulations that can get financial institutions to have products to finance solar power units. The Commission is initially calling for solar power production on a pilot basis.

Ghana is searching for solutions to deal with recurrent power supply problems. There is now a greater emphasis on gas to generate power after a history of dependence on hydropower.

The Energy Commission said it hoped that solar energy would become a "game changer in Ghana's limited set of energy options."

Last year Ghana paved the way for the largest single utility-scale solar PV park in Africa after finalizing plans for a 155 MW PV plant at Asiamah in the Western Region of the country.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Daikin launches air-to-water inverter heat pumps for residential applications

26 November 2024 The Japanese manufacturer said its new heat pumps have a temperature coefficient of up to 3.4 and a size ranging from 16 kW to 70 kW. The new solution...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.