{"id":11752,"date":"2022-02-02T21:54:25","date_gmt":"2022-02-02T21:54:25","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=11752"},"modified":"2022-02-02T21:54:25","modified_gmt":"2022-02-02T21:54:25","slug":"ghana-afdb-extends-27-39m-grant-to-support-development-of-mini-grid-and-solar-pv-net-metering","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/ghana-afdb-extends-27-39m-grant-to-support-development-of-mini-grid-and-solar-pv-net-metering\/","title":{"rendered":"GHANA: AfDB Extends $27.39M Grant to support development of Mini Grid and Solar PV net metering"},"content":{"rendered":"<p><span lang=\"EN-US\">The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.\u00a0<\/span><\/p>\n<p><span lang=\"EN-US\">The project involves the development of 35 mini grids, standalone solar photovoltaic systems in 400 schools, 200 units in healthcare centers and 100 units for community energy services centers in the Volta Lake region. It will also deploy up to 12,000 units of roof-mounted net-metered solar photovoltaic systems for public institutions, small and medium-sized enterprises and selected households.<\/span><\/p>\n<p><span lang=\"EN-US\">The project has leveraged co-financing from the Scaling Up Renewable Energy Program, a funding window of the Climate Investment Funds, and the Swiss State Secretariat for Economic Affairs, amounting to $28.49 million and $13.30 million, respectively.<\/span><\/p>\n<p><span lang=\"EN-US\">The Ghana Mini Grid and Solar Photovoltaic Net Metering is expected to have an annual electricity output of renewable energy estimated at 111,361MWh, corresponding to an installed capacity of 67.5MW. The project will mitigate greenhouse emissions of 0.7795 million tons of CO2 equivalent per year and create up to 2,865 jobs during construction, of which 30% will target women and youth.<\/span><\/p>\n<p><span lang=\"EN-US\">Marie-Laure Akin-Olugbade, the African Development Bank Group\u2019s Director General for West Africa, said: \u201cThe Bank Group\u2019s support is aligned to Ghana\u2019s development priorities that aim to promote and develop the country\u2019s rich renewable energy resources for sustainable economic growth, improved social life and reduced adverse climate change effects. In addition, the post Covid-19 era has highlighted the importance of reliable energy services.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">Eyerusalem Fasika, the African Development Bank\u2019s Country Manager for Ghana, said: \u201cThe project will support Ghana\u2019s Covid-19 Alleviation and Revitalization of Enterprises Support (Ghana CARES) program, which identifies the energy sector as an enabler of economic transformation. It has the potential to create jobs, fundamentally expand access to businesses and bring prosperity to Ghanaians.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">Daniel Schroth, Acting Director of the Renewable Energy and Energy Efficiency Department, noted that the West African nation of Ghana has one of the highest electrification rates in Africa.<\/span><\/p>\n<p><span lang=\"EN-US\">\u201dThe approval of the grant facility reflects a strong commitment of the African Development Bank to support Ghana\u2019s objective to achieve universal access to electricity and its 10% renewable energy target by 2030,\u201d he said. \u201cThis project is a good example of the Bank Group\u2019s ability to leverage financing from climate investment funds and donor partners by supporting electrification of Ghana\u2019s remaining 15% located in the island communities.\u201d<\/span><\/p>\n<p><span lang=\"EN-US\">The African Development Fund is the Bank Group\u2019s concessional funding arm. The African Development Bank has been an implementing entity of the Climate Investment Funds since 2010.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/ghana-afdb-extends-27-39m-grant-to-support-development-of-mini-grid-and-solar-pv-net-metering\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[4891,10116,742,5532,5586,5218],"class_list":["post-11752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-afdb","tag-african-development-fund","tag-energy","tag-mini-grid","tag-renewable","tag-solar-pv","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/Solar-Energy.png?fit=588%2C391&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-33y","jetpack-related-posts":[{"id":12330,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ghana-signs-grant-with-afdb-switzerland-to-support-development-of-mini-grids-solar-pv-net-metering\/","url_meta":{"origin":11752,"position":0},"title":"Ghana Signs Grant with AFDB, Switzerland, to Support Development of Mini-grids &#038; Solar PV Net Metering","author":"","date":"June 13, 2022","format":false,"excerpt":"The government of Ghana has signed a grant agreement with the African Development Fund, and a financing agreement with the government of Switzerland, for the Ghana Mini Grid and Solar Photovoltaic Net Metering project. The project will benefit schools, health centres and communities across the country. The agreements, for the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Ghana-AFDB.jpg?fit=497%2C418&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11539,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-afdbs-sefa-to-provide-1-million-in-support-energy-transition-regulatory-policy-framework\/","url_meta":{"origin":11752,"position":1},"title":"BOTSWANA: AfDB\u2019s SEFA to Provide $1 million in Support Energy Transition Regulatory &#038; Policy Framework","author":"","date":"January 7, 2022","format":false,"excerpt":"The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to facilitate Botswana\u2019s transition to clean energy. The technical assistance project supports the Government of Botswana in closing critical gaps in policy, regulatory and legal frameworks, which were identified at the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12732,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-afdbs-sustainable-energy-africa-fund-for-africa-provides-2-5-million-to-increase-penetration-of-renewable-energy\/","url_meta":{"origin":11752,"position":2},"title":"Mozambique: AfDB&#8217;s Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy","author":"","date":"October 14, 2022","format":false,"excerpt":"The Board of Directors of the African Development Bank (AfDB) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA), administered by the Bank, will be used to implement the Mozambique\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/10\/Floating-solar-power.jpeg?fit=780%2C490&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11679,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-globeleqs-malindi-solar-plant-is-generating-clean-energy-to-the-national-grid\/","url_meta":{"origin":11752,"position":3},"title":"KENYA: Globeleq&#8217;s Malindi Solar Plant is Generating Clean Energy to the National Grid","author":"","date":"January 24, 2022","format":false,"excerpt":"Globeleq and its project partner, Africa Energy Development Corporation (AEDC), has indicated that its 52MWp Malindi Solar photovoltaic (PV) plant has been exporting 40 MWac of power into the national grid since 14 December 2021.\u00a0 The power plant is delivering enough clean and renewable power to supply approximately 250,000 residential\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Solar-PV.jpg?fit=929%2C616&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9585,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-development-bank-approves-7-million-in-sustainable-energy-fund-for-africa-sefa-technical-assistance-to-transform-mini-grid-investment-in-africa\/","url_meta":{"origin":11752,"position":4},"title":"African Development Bank approves $7 million in Sustainable Energy Fund for Africa (SEFA) Technical Assistance to Transform Mini-grid Investment in Africa","author":"","date":"December 19, 2020","format":false,"excerpt":"The\u00a0 African Development Bank\u00a0have approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent\u2019s fast-evolving renewable mini-grid industry. The Africa Mini-Grid Market Acceleration Programme (AMAP), which aims to\u00a0boost energy access\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/11\/power-lines.jpg?fit=810%2C456&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5476,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afdb-approves-100m-to-seed-the-establishment-of-500m-facility-for-energy-inclusion\/","url_meta":{"origin":11752,"position":5},"title":"AfDB approves $100M to seed the establishment of $500M Facility for Energy Inclusion","author":"","date":"December 14, 2016","format":false,"excerpt":"The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 100 million, comprising USD 50 million equity and USD 50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund. The investment, which is expected\u2026","rel":"","context":"In \"AfDB\"","block_context":{"text":"AfDB","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/afdb\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/12\/Energy-Africa.jpg?fit=1200%2C487&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=11752"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11752\/revisions"}],"predecessor-version":[{"id":11753,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/11752\/revisions\/11753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10708"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=11752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=11752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=11752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}