The African Development Bank has approved a grant of $28.49 million for Ghana to construct renewable energy infrastructure that will increase its renewable energy use by 10 per cent through 2030.
The financing will come from the Climate Investment Funds – Scaling Up Renewable Energy Program in Low Income Countries. It will support construction of mini-grids, standalone solar photovoltaic systems and solar-based battery facilities for storing excess power. The African Development Fund, the Bank’s concessionary window, has provided $27.39 million, while Switzerland’s State Secretariat for Economic Affairs and the government of Ghana have contributed $13.30 and $16 million respectively. The project consists of the design, engineering, supply, construction, installation, testing and commissioning of renewable energy systems on the island communities in the Volta Lake region.