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Business News of Tuesday, 16 July 2019

Source: citibusinessnews.com

Renewable Energy Act to be amended - Energy Ministry

The Ministry of Energy has disclosed that the Renewable Energy Act is being amended to bring more clarity on the policies and regulations of the act.

According to the Ministry, the move is to ensure active participation of the private sector in achieving government’s goal of scaling up the penetration of renewable energy in the energy mix.

The government in 2011 passed the renewable energy act and targeted 2030 to have at least ten percent renewable energy in the electricity generation mix of the country.

“The renewable energy Act was passed in 2011 and today change in circumstances requires that we have to amend the act. At the time the act was passed, electricity from solar was very expensive and most bulk consumers would not buy power from solar. So, the act put in place something we call the feed-in tariff which is a tariff that will encourage developers who produce solar to pay the premium rate so that it can be fed into the system”.

He further disclosed that modalities for the smooth implementation of the net metering code will soon be made public.

Under the net metering code mechanism, renewable energy generation facility owners are credited for electricity supplied to the grid. The credit is subsequently set off against electricity purchased from the distribution utility.

The system has however been met with some challenges like the inability of the distribution utility companies to credit back power received into their network.

Addressing the issue, Mr. Ahiataku-Togobo said challenges surrounding the net metering system will soon be addressed.

He made these comments at the sidelines of the opening of the largest off-grid hospital project in Africa.

About Commissioning of Project

SunPower Innovations in collaboration with FOCOS Orthopaedic Hospital has installed the largest off-grid hospital project in Africa. The project is a 700KWp 1MWH ESS off-grid solar system constructed at the FOCOS Orthopedic Hospital, Pantang.

According to the Chief Executive Officer of SunPower Innovations, Ernest Amissah and the CEO of FOCOS Orthopaedic Hospital, Professor Oheneba Boachie Adjei, the project will save the hospital between 60-70 percent what it spends on electricity.