Ghana plans to lunge up its deployment of renewable energy sources, at the side of photo voltaic programs for hospitals, public establishments and smaller firms, via a peculiar green funding fund.
Patrick Jowett
Picture: Aboodi Vesakaran, Unsplash
Ghana’s Ministry of Energy and Green Transition is establishing a renewable energy funding and green transition fund.
In conserving with experiences from the reveal news agency, the fund will toughen investments in renewable energy and native deployment of green applied sciences, whereas reducing the burden of electrical energy tariffs on reveal-owned establishments.
Minister of Energy John Abdulai Jinapor talked about on the Sustainable Energy Policy Dialogue in Accra that a bill to place a Renewable Energy Company, which would oversee the fund, is present process technical review and shall be submitted to the cupboard “very rapidly.”
Jinapor talked about the executive plans to speculate fossil gasoline income into renewable energy, at the side of residential photo voltaic installations and photo voltaic-powered streetlights.
“We can aggressively promote the exhaust of electrical charging autos, photo voltaic for irrigation facilities, providing photo voltaic programs for hospitals, public faculties, at the side of universities, and shrimp and medium-scale enterprises, and toughen energy efficiency education,” he added.
Ghana wishes to put into effect competitive procurement workout routines for renewable energy projects to aid slash the stamp of energy. explained Jinapor. “We are already working with the World Monetary institution, and we are assured that via competitive procurement of renewable energy and diversified energy sources, we can attain a mighty extra reduced cost of energy era,” talked about the minister.
Figures from the World Renewable Energy Company (IRENA) blow their own horns that Ghana deployed 169 MW of photo voltaic by the live of 2023.
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