Tag: renewable energy
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Fossil fuel industry in survival mode: IES Analysis
As things stand now, fossils are in survival mode, as the momentum on consumption seems waning. The coronavirus crisis accompanied by the global economic downturn appears to have accelerated things to the point where it is prohibitively expensive to consume fossil fuels. Fossil fuels including oil, natural gas, and coal may continue to be in…
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Renewable Energy remains a viable and cheaper alternative for Ghanaians – IES
The Executive Director of the Institute for Energy Security, IES, Nana Amoasi VII, has reiterated that the inclusion of renewables in the Ghana, and for that matter Africa’s energy mix is key in addressing not only energy supply need, but to replace costly fossil-fueled thermal power plants with more greener and cheaper types, with added…
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Beatrice Annangfio writes: Ghana sleeping on renewable energy adoption
“All across the world we are noticing growth. Technology growth is the driving principles that are developing renewable energy resources. But Ghana seems to be missing in the puzzle. Renewable energy is a fright to policy makers” – Nana Amoasi VII, IES Executive Director. Across the world, access to energy is deemed as essential for…
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Transition to renewable energy not an European solution, it’s in Africa’s interest – IES
The energy landscape’s transition to renewables is a global panacea for the high energy cost and sustainable development, and not a European solution. Policy makers in Africa must as part of the exploitation of fossil fuels consider also the abundant renewable energy resources, freely at their disposal. Countries in the West and the oriental have…
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Paa Kwasi Anamua Sakyi writes: The tables are turning in favour of renewables
The push for renewable energy to dominate the future energy architecture on a global level, to supplement and eventually substitute the more polluting traditional energy sources known as fossil fuels, have always been met with stiff opposition and some challenges. In spite of the drawbacks which includes intermittency, costs, unfavorable politics and regulation among others,…
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Renewable energy sector unattractive to investors — CSIR
A study by the Institute of Industrial Research at the Council for Scientific and Industrial Research (CSIR) has revealed that the Renewable Energy subsector is unattractive to private investors. The Institute cited low returns on tariff, lack of access to long term financing by the private sector and the high cost of extending grid to…
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Gov’t shifts 10 percent renewable energy target to 2030
In 2011, Ghana passed the renewable energy act to anchor other policy positions of the country on renewable energy. Key amongst them was a target of 10 percent renewable energy in the electricity generation mix of the country by 2020. However, this target period has been reviewed and extended to 2030. Currently, the country depends…
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Gov’t woos renewable energy IPPs with attractive waivers
Government has rolled out waivers for Independent Power Producers (IPPs) of renewable energy at a time that it has suspended the issuing of licenses to IPPs in the thermal space over concerns of excess power generation. This also follows government’s plan to increase the country’s renewable energy capacity to ten percent by 2020. Deputy Energy…