KfW to finance two solar plants in Ghana
German development bank KfW is funding a $25 million project to build two solar power plants in Kaleo and Lawra, Ghana.
The project will see the construction of a 13MW solar plant in Kaleo and a 4MW peak project in Lawra. The plants will collectively reduce 7,400 tonnes of carbon dioxide emissions every year upon completion. They will be the first of their kind in the Upper West Region.
Ghana is looking to diversify its power resources, as its current reliance on hydropower makes it particularly vulnerable to droughts. As part of the renewable energy targets, the government has set the following objectives for renewable energy: 150-300MW of small and medium hydro, two million solar lanterns, 30,000 solar home systems, 20-26MW of utility-scale biomass and waste energy capacity, 150-250MW of utility-scale wind and 50-150MW of utility-scale solar capacity.
