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Wednesday, September 7, 2022

Ghana to make more than $85 million investment in minigrids and stand-alone solar

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Ghana will develop 35 minigrids and stand-alone photovoltaic (PV) photo voltaic methods, an funding of greater than $85 million, below agreements with the African Improvement Fund and the federal government of Switzerland.

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Photograph courtesy of African Mini Grid

The methods, with put in capability of 67.5 MW, will serve colleges, well being facilities and communities.

The venture comes because the nation makes an attempt to attain the “final mile” of electrification, which is commonly the costliest, stated Ken Ofori-Atta, Ghana’s finance minister. 

About 87.13% of the nation now has entry to electrical energy. 

In complete, the renewable vitality methods are anticipated to have an annual electrical energy output of about 111,361 MWh that may mitigate 0.7795 million tons of CO2 equal per yr and create as much as 2,865 jobs throughout building, of which 30% will goal girls and youth.

The minigrids signify a $40.29 million funding, and the photo voltaic net-metered tasks $44.89 million.

The African Improvement Fund will finance $27.39 million, the Ghana authorities $16 million and the Swiss authorities $14 million. As well as, the African Improvement Financial institution Group leveraged concessional financing of $28.49 million.

The federal government of Switzerland financing will particularly assist the dimensions up of Ghana’s current net-metering program and deploy as much as 12,000 models of roof-mounted net-metered photo voltaic PV methods for small and medium-sized enterprises and households.

What’s the distinction between a minigrid and a microgrid? See our article “How the world defines microgrids and why you might be confused”

“We’re happy to have reached one other milestone in our cooperation with this glorious nation. We hope that, collectively, this venture will carry sustainable and reasonably priced electrical energy to over 6,000 small and medium-sized enterprises and nearly 5,000 households, apart from 1,100 public buildings,” stated Swiss Ambassador Dominique Paravicini.

The information got here from the African Improvement Financial institution Group, which not too long ago held its annual assembly in Accra, Ghana. The theme of the assembly was “Attaining Local weather Resilience and a Simply Power Transition for Africa.”

Monitor information about improvement of microgrids and minigrids in Africa. Subscribe to the free Microgrid Data E-newsletter. 

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