The funds will be granted by Germany’s KfW and will be used to build two large-scale PV power plant’s in Ghana’s Upper West Region.
Via the International Solar Alliance, the African country may soon have access to a portion of a $10 billion renewable energy credit facility from India, which is the driving force behind the alliance.
After the 20 MW PV project planned in the Central region of Ghana was threatened with a 29% feed in tariff reduction, UK based solar developer PSECC Solar Farms turned to Natcore, with the aim of bringing in higher efficiency technology that would make the project financially viable.
The Ghanaian government has resumed plans to promote large-scale solar and wind projects, as well as distributed generation, in order to solve a crisis in Ghana’s power system. Competitive bidding for power capacity procurement will be introduced in the frame of a reviewed Renewable Energy Act.
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