The report provides insight into the extent to which industrial policies in sub-Saharan Africa prioritise the energy needs of industries, and highlights unreliability of supply and high tariffs.
Despite a wide interest from the European private sector to invest in renewable energy, the volume of financial flows to Sub Saharan Africa remains negligible. Why is that?
Along West Africa’s coastline, rising sea levels threaten major cities like Lagos, Accra and Abidjan. Given the climate crisis urgency, countries such as Ghana are turning to solar power to accelerate the energy transition.
The University of Development Studies (UDS) Nyankpala Campus in Ghana has been training Ghanaians in the installation and management of solar photovoltaic irrigation systems. The institute recently signed a funding agreement with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The survival of 75 solar companies is under threat due to what they describe as unfair policies and regulations in the industry. This situation puts the jobs of over 700 people on the line.
ManoCap Energy is raising 3 million for its projects in Sierra Leone and Ghana. This is a bridge loan signed with Eiffel Investment Group, an investment fund manager based in Paris, France.
Investment fund manager Eiffel Investment Group is providing a 3 million bridge loan to ManoCap Energy. The financing will provide solar power to commercial and industrial (C&I) customers in Ghana and Sierra Leone.
According to the association, some of its members have relocated to Liberia and other neighboring countries because the Energy Commission has placed a temporary ban on new licenses.
Under the five-year development plan, the GVA will harness solar energy to provide electricity to over 50 schools in deprived communities in the Volta Region to promote academic excellence.
The Renewable Energy and Energy Efficiency in the Public Sector Project (REEEPublic) of GIZ Ghana has held one of its key stakeholder engagements in Accra to present, discuss and validate 20 Action Groups under the proposed Public Facility Sustainable Energy Action Plan (PF-SEAP).