The Ghana Scaling-Up Renewable Energy Program (SREP) Mini grid and Net metering with Solar PV project involves the development of 35mini grids in the Volta Lake region and the deployment of 12,000 units of roof-mounted net-metered solar PV systems for public institutions, Small and Medium-sized Enterprises (SMEs) and selected households within the Electricity Company of Ghana (ECG) and Northern Electricity Distribution Company (NEDCO) networks. The project will also involve the deployment of up to 11,000 stand-alone solar home systems within the lake side and island communities of Ghana. The overall project cost is estimated at USD 85.18 million comprising the Mini grid component (US$40.29million) and the Net metering component (USD 44.89 million) and will be financed through African Development Fund (ADF) (US$ 27.39 million); Climate Investment Fund (CIF) –US$ 28.49 million; Government counterpart funding amounting to US$16 million; and the Swiss State Secretariat for Economic Affairs (SECO) amounting to US$13.30 Million. SECO’s contribution was approved by the Operations Committee in November 2021.The project will be implemented over a 4-year period. The project is a 100% climate mitigation project. This project primarily contributes to climate mitigation results. As such, 100% of the total approved amount is attributed as climate finance, of which 100% is dedicated to mitigation.

Ghana

African Development Bank Group

Africa Sub-Saharan Africa Western Africa

Non-Renewable Energy Solar Photovoltaic PV Energy Construction Energy-Power and Electrical

23.01.2022

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