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Construction of renewable energy infrastructures: AfDB provides financing of 28.49 million US dollars to Ghana

30/03/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le 14 mars 2023, le conseil d' administration de la Banque africaine de développement a approuvé un don de 28.49 million US dollars in Ghana. This financing will make it possible to build renewable energy infrastructures and will also make it possible to increase the use of these energies by 10% by 2030.

The financing provided by the African Development Bank in Ghana aims to support the construction of mini-grids, autonomous photovoltaic solar energy systems and the installation of solar batteries to store excess energy, a known practice under the name net metering (in English). Indeed, the latest approval by the Board of Directors relates to the total cost of the project at $85.18 million. The African Development Fund contributed 27.39 million dollars, while the Government of Ghana and the Swiss State Secretariat for Economic Affairs contributed 13.30 million dollars and 16 million dollars respectively.

This project involves the design, installation, engineering, construction, supply, testing, and commissioning of renewable energy systems for island communities in the Lake Volta region.

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