Ghana Solar Feed-In Tariff Contracts To Shift From 10 To 20 Years
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Originally published on Planetsave.
Solar incentives are getting a long-sought-after boost in Ghana.
According to PVTech, if all goes as planned, Ghana will soon update its solar feed-in-tariff (FiT) program with payment contracts which last for 20 years as opposed to the current 10-year length.
Wisdom Ahiataku-Togobo, director of renewables and alternative energy at the Ministry of Power Ghana, told delegates at the Solar and Off-grid Renewables West Africa event that the solar FiT program of Ghana is ready for updating.
In April, Ahiataku-Togobo addressed developers raising concerns and asked for a 20-year period for the FiTs instead of the previous 10 years, and this is being accounted for in the next update.
Ahiataku-Togobo cited BXC’s 20MW solar plant in Ghana, saying this endeavor is the first privately owned solar installation in the country, and that this was done without credit enhancement from government.
He added it was unfortunate many developers look for credit enhancements from the government. For the first tender, 18 of the companies which advertised have been prequalified and have requested to submit their technical and financial proposal.
Ahiataku-Togobo said: “We hope that this tendering process will bring us very attractive solar prices in the country.”
He also reemphasized the target for a maximum of 200MW for the rooftop distributed solar generation scheme and said system owners can benefit from the net metering schemes.
Image: Ghana flags via Shutterstock
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