• African Development Bank Loans $28.49 Million for Renewable Energy Infrastructure in Ghana

    The financing will increase utilization of renewable energy in the country by 10% through 2030.
    March 29, 2023

    The African Development Bank is providing a $28.49 million grant to Ghana to build infrastructure for renewable energy to increase utilization of renewable energy by 10% through 2030. The financing will arrive from the Climate Investment Funds (CIF) – Scaling Up Renewable Energy Program in Low Income Countries (SREP).

    The funds will back the buildout of solar-based battery facilities, stand-alone solar photovoltaic systems and mini-grids. The project concerns the construction of renewable energy systems at island communities in the Volta Lake region. The work involves design, engineering, delivery, buildout, deployment, testing and commissioning.

    The project will create 2,865 equitable jobs, with 30% of the total earmarked for youth and women, thereby reducing the gender gap. The African Development Bank is looking to cut down on emissions in Africa and provide power to communities that achieves High 5 priority objectives under the New Deal on Energy for Africa.

    About the Author

    T&D World Staff

    Content Team

    Nikki Chandler
    Group Editorial Director, Energy
    [email protected]

    Jeff Postelwait
    Managing Editor
    [email protected]

    Christina Marsh
    Senior Editor
    [email protected]

    Ryan Baker
    Associate Editor
    [email protected]

    Amy Fischbach
    Electric Utility Operations
    [email protected]

    Rich Maxwell
    Community Editor
    [email protected]

    Gene Wolf
    Technical Editor
    [email protected]

    Sign up for TDWorld eNewsletters

    Voice Your Opinion!

    To join the conversation, and become an exclusive member of T&D World, create an account today!