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NEWS

Ghana: Berlin subsidises renewable energy and energy efficiency

CategoryStories
CountryGhana
TagsEnergy Access, Finance and Investment, Renewable Energy

Germany is providing a grant of 20 million euros to Ghana. The funding is intended to strengthen technical cooperation between the two countries in the fields of agribusiness, renewable energy and energy efficiency.

The grant agreement was signed by Christoph Retzlaff, the German ambassador to Ghana, and Patrick Nomo, the director general of the Ghanaian Ministry of Finance. Berlin wants to strengthen its technical cooperation in the fields of renewable energy and energy efficiency through a grant of 20 million euros. The funding will be provided by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the German international development cooperation agency.

“Our aim is to create jobs and protect the environment. This grant is part of our development cooperation, which amounts to 130 million euros per year,” says Christoph Retzlaff, the German ambassador to Ghana. Technical support will be provided for the development of renewable energy and energy efficiency projects for industry, public buildings and households.

Germany is an important partner in the development of renewable energy in Ghana. In 2017, Berlin committed €100 million to promote private investment in the renewable energy sector. The improved business climate for renewable energy providers has allowed the arrival of European companies.

This is the case of the German company Redavia, which supplies solar energy to Ghanaian companies. The Munich-based company has, for example, installed a solar photovoltaic system capable of supplying 33 872 kWh of electricity annually to the Kete Krachi Timber Recovery (KKTR) sawmill. This company exploits timber from the Akosombo dam basin on the Volta River in south-eastern Ghana.

Photo credit: Power Africa