Audio By Carbonatix
The Energy Ministry says the Renewable Energy Law which was passed recently, would encourage real estate developers to provide solar and other clean sources of energy in new homes.
Government wants solar, wind and thermal energy sources to constitute at least 10% of the country’s energy mix by 2020.
To reach this goal, Parliament passed the Renewable Energy Act, providing the legal and regulatory framework to enhance and expand Ghana's renewable energy sector.
Energy Minister, Emmanuel Armah Kofi Buah, has charged private real estate developers to take advantage of incentives provided by government for the development of solar, wind and thermal energy sources.
The Minister urged the estate developers to take advantage of the opportunities in the Act that allows feed-in tariffs.
The feed-in tariffs allow ordinary citizens to generate solar or other renewable energy into the national grid for financial incentive.
But senior policy analyst at the Africa Centre for Energy Policy (ACEP), John Peter, is of the view that although steps toward renewable energy are appropriate, the 10% target by government is over-ambitious.
"It is not achievable because the current percentage of the renewable electricity in the generation mix is less than 1% - about 0.01% - if [government] wants to achieve a 10% renewable energy within [its] portfolio mix, the obligation must be on independent power producers to have an equal percentage of 10%", explained John Peter.
But he said as it stands now, there is no law mandating private power producers to ensure 10% of their energy comes from renewable energy.
The ACEP energy policy analyst also indicated that because the cost of renewable energy is expensive, "consumers under normal circumstances would not want to have renewable sources in their energy mix".
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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