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Renewable Policy Support to Drive Ghana’s Solar Market

Summary

Ghana Solar Market to receive a boost with the support of the Government of Ghana. In order to drive the growth of renewables in the country, the Renewable Energy Act of Ghana was implemented in the year 2011. It aims to promote and develop the renewable energy sector including solar and ensure its effective deployment in terms of meeting both power and heat requirements. In addition to feed-in-tariffs and other benefits offered under the Act, there are other support mechanisms that together offer significant investment opportunities in the Ghana renewable market space.

Scope

- This report provides a detailed understanding of the various policy support mechanisms available in Ghana to promote the growth and development of renewable energy sources including solar in the country. In particular, the report lays its focus on the details of the Renewable Energy Act implemented by the Government of Ghana in the year 2011. Furthermore, the report also guides the investors on the structure of Power Purchase Agreement for renewables in the country coupled with the entire process of acquiring an electricity license. In short, it a ready policy guide for the investors who plans to invest in the Ghana’s renewable energy market.

Reasons to buy

The report makes the reader conversant about -
- Details about the feed-in-tariffs, renewable purchase obligation, renewable energy fund, interconnection provisions under the Renewable Energy Act, 2011 helps the renewable power investors to make judgmental investment in the Ghana renewable power market
- It also provides inputs on other policy support mechanisms available at the disposal of the renewable energy investor in Ghana
- It elucidates the Power Purchase Agreement Structure for renewables in Ghana along with the process of acquiring an electricity license in the country.
- Thus, this report serves as a easy reference to renewable power investors to gauge the Ghana renewable policy structure

Table Of Contents

Renewable Policy Support to Drive Ghana’s Solar Market
1 Table of Contents

2 Renewable Policy Support to Drive Ghana's Solar Market 3
2.1 Ghana's Electricity Market - Structure 3
2.2 Ghana Electricity Market - Regulatory Bodies 4
2.3 Ghana's Renewable Energy Act (832) 4
2.3.1 Policy objectives 4
2.3.2 Energy sources categorized as renewable under the act 5
2.4 Policy support under Ghana's Renewable Energy Act 6
2.4.1 Feed-in Tariffs Implemented to Promote the Growth of the Renewable Sector, Including Solar 6
2.4.2 Renewable Power Producers, Including Solar, under Renewable Power Purchase Obligation 7
2.4.3 Creation of Renewable Energy Fund 8
2.5 Renewable Power Project Connection under Ghana's Renewable Energy Act - Responsibilities of Power Operators and Renewable Power Producers, Including Solar Power Generators 9
2.6 Other renewable support programs and incentives 10
2.6.1 Volta River Authority (VRA) Renewable Energy Development Programme (REDP), 2010 10
2.6.2 Tax Exemption for Wind and Solar Projects 11
2.7 PPA structure and electricity supply license process explained 12
2.7.1 Power Purchase Agreement Structure 12
2.7.2 Process of Acquiring Electricity Supply License 13
3 Appendix 14
3.1 Abbreviations 14
3.2 Methodology 14
3.3 Coverage 14
3.4 Secondary Research 14
3.5 Primary Research 15
3.6 Modeling and Forecasting 15
3.7 Contact Us 16
3.8 Disclaimer 16

1.1 List of Tables

Table 1: Abbreviations 14

1.2 List of Figures

Figure 1: Ghana's Electricity Market - Structure 3
Figure 2: Ghana Electricity Market - Regulatory Bodies 4
Figure 3: Energy sources categorized as renewable under the act 5
Figure 4: Policy Support for Renewable Sources, Including Solar, under the Renewable Energy Act 6
Figure 5: Feed-in Tariffs Implemented to Promote the Growth of the Renewable Sector, Including Solar 7
Figure 6: Renewable Power Producers, Including Solar, under Renewable Power Purchase Obligation 7
Figure 7: Solar projects approved under VRA - REDP - Phase 1 10
Figure 8: Power Purchase Agreement Structure 12
Figure 9: Process of Acquiring Electricity Supply License 13

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