Ghana Scaling Up Renewable Energy Programme Srep

The objective of the scaling up renewable energy program srep armenia investment plan ip is to catalyze private investment in renewable energy technologies which for lack of experience high capital costs and a variety of other reasons have not previously been considered as options in the country.

Ghana scaling up renewable energy programme srep.

Specific targets transaction support facility to reduce cost. Scale up renewable energy re are in place. The scaling up renewable energy program in low income countries srep is funded by the strategic climate fund scf one of the two climate investment funds cif. Institutional challenges impeding the scaling up of renewable energy investments in the country 2.

Srep support can help to gradually introduce geothermal energy and utility. Energy sector challenges ghana s energy sector is heavily dependent on biomass and oil which account for close to 90 of the country s primary energy supply. The 839 million scaling up renewable energy program srep a funding window of the cif is empowering transformation in developing countries by demonstrating the economic social and environmental viability of renewable energy. The government of ghana has received a grant from the sustainable energy fund for africa sefa in the amount of usd1 50 million to finance the ghana scaling up renewable energy programme srep and it intends to apply the proceeds of this grant for the payments of consulting services and capacity building to be procured under this.

Overcome barrier that constrain the successful implementation of the flagship renewable energy projects financed under this program. Eoi ghana consultancy services ghana scaling up renewable energy programme srep 05 feb 2020. Srep aims to scale up the deployment of renewable energy solutions and expand renewable markets in the world s poorest countries. Channeled through five multilateral development banks.

The srep project implementation unit of the ministry of energy intends to apply a portion of the proceeds of the preparatory grant to eligible payments under the consultants contracts to be conducted through quality cost based selection. The joint mission will discuss which activities and investments are best suited to overcome the identified gaps and help scale up re in ghana. It pilots and demonstrates the economic social and environmental viability of.