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🇬🇭 Ghana /Energy & Infrastructure

Ghana's Buipe solar project to begin next month, promises lower industrial power costs

From Ghanaian Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Ghana will start the first phase of the Buipe solar power project next month, aiming to generate 1,500 megawatts.
  • The project is part of the 24-Hour Economy and Accelerated Export Development Programme, designed to lower industrial electricity costs and boost manufacturing.
  • The initial 100 megawatts are expected to reduce industrial tariffs from 18-23 US cents to 7-9 cents per kilowatt-hour, enhancing competitiveness.

Ghana is set to launch the first phase of its Buipe solar power project next month, a significant step in the government's 24-Hour Economy and Accelerated Export Development (24H+) Programme. Presidential Adviser Augustus Goosie Tanoh announced that this initial phase will generate 1,500 megawatts, with the first 100 megawatts coming online next month.

The project is part of efforts to reduce electricity costs for industry, boost manufacturing competitiveness and position Ghana as a regional hub for production and exports.

— Augustus Goosie TanohExplaining the purpose of the Buipe solar project.

The project aims to drastically reduce electricity costs for industries, a move expected to improve manufacturing competitiveness and position Ghana as a regional production and export hub. Tanoh stated that industrial electricity tariffs could fall from the current 18-23 US cents per kilowatt-hour to between seven and nine cents. This reduction is seen as crucial for Ghana's industrial transformation, with renewable energy offering a long-term advantage over fossil fuels.

The initial 100 megawatts would come on stream next month.

— Augustus Goosie TanohAnnouncing the timeline for the first power generation.

Beyond the solar project, the 24H+ Programme includes several other key initiatives. These encompass compressed biogas plants, an oil palm complex, agro-industrial parks, an air cargo hub, and the Volta Economic Corridor. The Volta Economic Corridor alone is projected to create approximately 890,000 jobs, contributing to an estimated 1.7 million jobs nationwide by 2028. The government is structuring these projects to attract private investment by conducting feasibility studies and preparing delivery frameworks.

Affordable and sustainable energy remained central to Ghana’s industrial transformation.

— Augustus Goosie TanohHighlighting the importance of energy for industrial development.

Tanoh emphasized that the government is actively removing constraints to private sector investment through the 24-Hour Economy Programme. The initiative is a collaboration with institutions like the Ghana Infrastructure Investment Fund and the Ghana Investment Promotion Centre. Investment opportunities are available in renewable energy, battery storage, biofuels, and affordable housing, among others. Tanoh invited both local and international investors to partner in these transformational projects.

Renewable energy offered the country a long-term competitive advantage over reliance on imported fossil fuels.

— Augustus Goosie TanohStressing the benefits of renewable energy sources.
DistantNews Editorial

Originally published by Ghanaian Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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