Ghana Targets Renewable Energy

From Ghana Web

Ghana is fast becoming the hotbed for renewable energy projects to support the country’s power generation and also feed other grids in the West African sub-region.

The German development financier with focus on the private sector in developing countries, DEG, is keen on increasing its investments in independent power producers with renewable energy sources in the West African sub-region, Ghana being a key prospective market for its mission.

The private sector financing institution is currently finalising arrangements with some independent power producers to build a biomass power plant and a couple of other plants to generate power from renewable sources.

The Chairman of the Management Board of DEG, Mr Bruno Wenn, hopes the projects, numbering about five in West Africa, would serve as pilots for investing in the renewable power sector in Africa to encourage more German investors to participate in the emerging industry.

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