GhanaWeb Feature by Ernestina Serwaa Asante

As Ghana ramps up its clean energy transition, Indian businesses are discovering promising opportunities in the country’s fast-growing solar sector.

According to the latest World Investment Report, global energy investments are shifting dramatically, with clean energy now outpacing fossil fuels.

In 2023 alone, solar energy attracted 59% of all renewable energy investments, totaling US$393 billion.

The Asia-Pacific region led the charge, accounting for US$223 billion of that total.

This global momentum aligns with UN Sustainable Development Goal 7, which aims to deliver affordable, reliable, and sustainable energy, especially in Least Developed Countries (LDCs) and Small Island Developing States (SIDS).

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Ghana, as a key player in West Africa, is well-positioned to benefit.

Here are five high-impact areas where Indian companies can invest in Ghana.

Solar Pumps for Agriculture

With just 6% of Ghana’s farmland currently irrigated, solar-powered water pumps offer a cleaner, cost-effective alternative to diesel systems.

Indian firms with expertise in solar irrigation can help transform Ghana’s agricultural landscape, increasing productivity while reducing emissions.

Investing in Solar Startups

Indian investors can support early-stage ventures especially those under the Solar X programme that are developing solutions for energy access, smart grids, and rural electrification.

Utility-Scale Solar Projects

Large-scale solar farms are gaining traction in Ghana so Indian companies can develop or co-invest in these projects to supply industrial clients like Helios, and potentially expand to national utilities such as the Electricity Company of Ghana (ECG) and the Volta River Authority (VRA).

Commercial and Industrial Rooftop Solar

Urban businesses, factories, and office parks are seeking reliable, affordable energy. Investors can offer rooftop solar solutions tailored to commercial and industrial needs, helping reduce grid dependence and operational costs.

Hybrid Systems & Battery Storage

To meet Ghana’s peak energy demand at night, solar-plus-storage and hybrid wind-solar systems are being explored.

Indian technology providers and EPCs can bring their expertise to deliver round-the-clock clean energy, helping Ghana leapfrog fossil-based power.

Insights were gained from an exclusive interview with the Director General of International Solar Alliance, Ashish Khanna.

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