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Energy Commission in Ghana Planning to Create Market for Solar Power

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Published on : Feb 23, 2015

The Energy Commission in Ghana has unveiled plans to form a plan to market their solar power production to ensure a more secure energy efficient source, since, the West African region is still grappling with a country wide power crisis.

The energy regulator is aiming to create solar energy which will prove to be a game changer for the nation’s limited power industry. The county Ghana is still struggling amidst a national energy crisis.

A report published by the Ghana’s Ministry of Energy and Petroleum or MoEP, the Commission is creating plants to ask the parliament to approve their specific incentives. This also includes tax credits, which could prove quite attractive for solar power production and purchasing in the country.

Also, the Energy Commission representatives that met last week are with industry players, this includes the Ghana Real Estate Development Association or GREDA during a stakeholder’s meeting in order to inform the proposal to the parliament.

Kwame Ampofo, the Commission’s Chairman stated that just as there were some regulations for market which allowed banks to offer products which include car loans to clients, also the parliament can create regulations which can get financial institutions to get products to provide finance for solar power units. The Commission which is initially calling for solar power production is currently on a pilot basis.

Presently, the country is seeking for innovative solutions which will help to deal their recurrent problems related to power supply. Also, there is currently a greater emphasis on gas to create power after a long history of dependence on hydro energy.

Past year, Ghana paved the path for the largest single utility-scale solar photovoltaic part in Africa, and after finalizing plans for a 155 MW photovoltaic plant at Asiamah in Western part of the country. This project if successfully implemented can turn into a game changer and for the limited set of energy options for the country.