Ghana Scaling Up Renewable Energy Programme Srep

The 839 million scaling up renewable energy program srep a funding window of the cif is empowering transformation in developing countries by demonstrating the economic social and environmental viability of renewable energy.

Ghana scaling up renewable energy programme srep.

Development the scaling up renewable energy program in ghana srep ghana support and the co financingit will leverage is crucial in achieving this important national policy goal. The government of ghana has received a grant from the sustainable energy fund for africa sefa in the amount of usd1 50 million to finance the ghana scaling up renewable energy programme srep and it intends to apply the proceeds of this grant for the payments of consulting services and capacity building to be procured under this. Energy sector challenges ghana s energy sector is heavily dependent on biomass and oil which account for close to 90 of the country s primary energy supply. The scaling up renewable energy in low income countries program srep is a funding window of the climate investment fund cif that empowers transformation in developing countries by demonstrating the economic social and environmental viability of renewable energy.

Channeled through five multilateral development banks. Specific targets transaction support facility to reduce cost. Institutional challenges impeding the scaling up of renewable energy investments in the country 2. The scaling up renewable energy program in low income countries srep is funded by the strategic climate fund scf one of the two climate investment funds cif.

Eoi ghana consultancy services ghana scaling up renewable energy programme srep 05 feb 2020. Srep support can help to gradually introduce geothermal energy and utility. It pilots and demonstrates the economic social and environmental viability of. The objective of the scaling up renewable energy program srep armenia investment plan ip is to catalyze private investment in renewable energy technologies which for lack of experience high capital costs and a variety of other reasons have not previously been considered as options in the country.

Srep aims to scale up the deployment of renewable energy solutions and expand renewable markets in the world s poorest countries. The joint mission will discuss which activities and investments are best suited to overcome the identified gaps and help scale up re in ghana. However some entities such as the renewable energy authority and renewable energy fund still need to be operationalized.