GHANA – The Board of Directors of the African Development Fund has approved a US$27.39 million grant to Ghana for the development of renewable energy investments in the mini-grid and net metering space.
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.
This project has leveraged co-financing from the Scaling Up Renewable Energy Program and the Swiss State Secretariat for Economic Affairs, amounting to US$28.49 million and US$13.30 million, respectively.
The project will alleviate 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.
The Ghana Mini-Grid and Solar Photovoltaic Net Metering are expected to have an annual electricity output of renewable energy estimated at 111,361MWh, corresponding to an installed capacity of 67.5MW.
French Total Eren to invest US$10.62B in Morocco
Meanwhile, Total Eren, the subsidiary of the French oil company TotalEnergies intends to invest US$10.62 billion in a hydrogen and green ammonia project in Morocco.
The company plans to set up facilities in the Guelmim-Oued Noun region in the south of the kingdom on a 170,000-hectare site.
In the meantime, the company has already begun preparations, with the approval of the Unified Regional Investment Commission.
It is planning topographic studies on the project site, analysis of the renewable resource (wind speed and solar radiation density), as well as techno-economic studies for the building and the design of electrical infrastructures.