(Accra, 3 rd July, 2023) On behalf of its partners, Pecan Energies, the operator of the Deepwater Tano/Cape Three Points (DWT/CTP) block offshore Ghana, is excited to announce the
Ghana''s medium-term growth prospects remain op mis c, with projec ons forecas ng growth of around 5% by 2026. This outlook is expected to be supported by con nued growth in key
The global shift towards renewable energy sources has spotlighted the critical role of battery storage systems. These systems are essential
In 2023, as the costs of solar and energy storage decline, the European market for large-scale energy storage is progressively expanding, witnessing a continuous uptrend in the scale of projects. According to forecasts
The project, expected to be fully operational by the third quarter of 2026, will generate an estimated 2,772 gigawatt-hours of clean, reliable, and affordable energy annually to the national grid. The battery energy storage system will
When fully implemented, Ghanaian officials estimate that it would create almost 400,000 jobs, which will be an important aspect of the country''s industrialization drive given Ghana''s large,
The Climate Investment Funds (CIF) – the world''s largest multilateral fund supporting energy storage in developing countries – is working on bridging this gap. CIF is the
Nayer Fouad, CEO, Infinity Power "Our own portfolio of renewable energy projects already includes battery storage facilities in Senegal, and we hope to add more in the coming years as we work towards our goal of
Hydro, thermal, and renewables constitute Ghana''s electricity generation mix. Installed generation capacity, excluding embedded capacity as of November 2024, was 5,260
PPPs promoted large-scale renewable projects. Expanding net metering with 12 000+ smart meters. Upcoming solar & wind auctions, including a 100 MW solar auction backed by the
Battery Storage Is Booming In Africa Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply
Earlier this year, the Ministry of Energy reopened its call to support battery storage for renewable energy integration, seeking at least 240 MW and 480 MWh of resources. The original call, which referred to at least
Asia-Pacific (APAC) region is expected to dominate the global energy storage market, accounting for 49% of upcoming energy storage projects by 2030. Australia, China and India are among
The 150 MW solar project will help over 100 businesses in Ghana''s Tema and Dawa industrial zones to lower energy costs and reduce emissions.
Introduction Battery energy storage presents a USD 24 billion investment opportunity in the United States and Canada through 2025. More than half of US states have adopted renewable energy
Ghana''s energy sectors need a bit of spark. Last year, it was reported that the government owes Independent Power Producers (IPPs) almost $2 billion in legacy debt.
The Kingdom plans to operate 8 GWh of energy storage projects by 2025, and 22 GWh by 2026, positioning itself as the third largest global market in energy storage projects, following China and the United
Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply electricity to larger buildings, homes, and machinery. There is also an increasing use of lithium
The energy storage sector maintained its upward trajectory in 2024, with estimates indicating that global energy storage installations rose by more than 75%, measured by megawatt-hours
The 2023–2026 Medium-Term Debt Management Strategy (MTDS) has been developed in fulfilment of Section 59 of the Public Financial Management Act, 2016 (Act 921) with the overall
Battery enclosures at Manatee Energy Storage Center, hailed by FPL as the world''s largest solar-charged BESS when it went into operation in 2021. Photo by Doug Murray for FPL Florida''s largest utility, Florida Power &
Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply electricity to larger buildings, homes, and machinery.
To assess the impacts of these developments on investment and deal flow, the American Council on Renewable Energy (ACORE) surveyed companies that actively develop or finance U.S.
In 2023, as the costs of solar and energy storage decline, the European market for large-scale energy storage is progressively expanding, witnessing a continuous uptrend in
Energy storage in Romania Energy Minister Sebastian Burduji has announced that Romania''s energy storage capacity is set to grow significantly over the next few years: "In total, by the end of next year, we should have at
Ghana is expected to see a surge in oil and gas investments in the coming years, 2023-2027 starting 17 oil and gas projects. The country will see the development of three
The Government of Ghana officially launched the Ghana Energy Transition and Investment Plan on 21 September 2023 during the UN General Assembly. The plan marks Ghana''s commitment to fighting climate change and fostering
A new initiative by the Chilean Ministry of Energy and the Ministry of National Assets is expected to cover storage projects with an aggregate capacity of 13 GWh, distributed mainly in the regions
Earlier this year, the Ministry of Energy reopened its call to support battery storage for renewable energy integration, seeking at least 240 MW and 480 MWh of resources.
Strengthening the capacities of power distribution utilities to scale up photovoltaic installations for households and SMEs, and boost private sector investment in climate friendly technologies.
Ghana is set to become the first country in West Africa to produce lithium, a key component in electric vehicle batteries and renewable energy storage systems. The Ewoyaa lithium project, developed by Atlantic
o Indigenous resources (hydropower, renewables, and natural gas) are the least-cost option over the entire planning period to improve energy security, and allow gradual grid integration of solar and wind. ● Renewable Energy. Ghana has a goal of 10% renewable generation by 2030.
The cost of electricity, including peak and off-peak rates, significantly impacts the ROI. Energy storage systems can store cheaper off-peak energy for use during expensive peak periods. Subsidies, tax credits, and rebates offered by governments can enhance the financial attractiveness of ESS installations.
Ghana energy transition and investment planAchieve net-zero emissions by 2060 while nsuring economic growth and sustainability.Implement renewable energy, energy efficiency, hydrogen, e-mobility, energ olutions.National electricity access planAchieve universal ectricity access for all Ghanaians by 2030.96% on-
In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind: internal factors that we can influence within the organization/business, and external factors that are beyond our control. External Factors that influence the ROI of a BESS
Several key factors influence the ROI of a BESS. In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind: internal factors that we can influence within the organization/business, and external factors that are beyond our control.
Ghana’s previous long-term energy plan, the Strategic National Energy Plan (2006-2020), was not successfully implemented, leading to power crises. The drafting of the IPSMP was more inclusive of interested parties, used a more robust methodology, and received support from partners like the World Bank and USAID.
