Ghana Scaling Up Renewable Energy Programme Srep

Institutional challenges impeding the scaling up of renewable energy investments in the country 2.

Ghana scaling up renewable energy programme srep.

Energy sector challenges ghana s energy sector is heavily dependent on biomass and oil which account for close to 90 of the country s primary energy supply. Srep support can help to gradually introduce geothermal energy and utility. However some entities such as the renewable energy authority and renewable energy fund still need to be operationalized. The joint mission will discuss which activities and investments are best suited to overcome the identified gaps and help scale up re in ghana.

Channeled through five multilateral development banks. The government of ghana has received a grant from the sustainable energy fund for africa sefa in the amount of usd1 50 million to finance the ghana scaling up renewable energy programme srep and it intends to apply the proceeds of this grant for the payments of consulting services and capacity building to be procured under this. Eoi ghana consultancy services ghana scaling up renewable energy programme srep 05 feb 2020. The scaling up renewable energy program in low income countries srep is funded by the strategic climate fund scf one of the two climate investment funds cif.

The 839 million scaling up renewable energy program srep a funding window of the cif is empowering transformation in developing countries by demonstrating the economic social and environmental viability of renewable energy. Specific targets transaction support facility to reduce cost. It pilots and demonstrates the economic social and environmental viability of. The objective of the scaling up renewable energy program srep armenia investment plan ip is to catalyze private investment in renewable energy technologies which for lack of experience high capital costs and a variety of other reasons have not previously been considered as options in the country.

Overcome barrier that constrain the successful implementation of the flagship renewable energy projects financed under this program. Scale up renewable energy re are in place. Srep aims to scale up the deployment of renewable energy solutions and expand renewable markets in the world s poorest countries.