Business News of Tuesday, 18 August 2020

Source: classfmonline.com

SunPower Innovations ready to partner govt to deliver solar energy

The first 10 megawatts is expected to be connected to the national grid by the end of September The first 10 megawatts is expected to be connected to the national grid by the end of September

An indigenous firm, SunPower Innovations, has said it is ready to partner the government to produce and deliver solar energy to businesses and communities in Ghana.

According to the founder and the Chief Executive Officer, Ernest Amissah, it is time for the government and other development funding institutions to partner indigenous companies like SunPower Innovations to expand their operations, a situation he believes will lead to enormous job creation.

Speaking at the opening ceremony of a one-megawatt off-grid solar system for Special Ice Factory manufactured by indigenous firm SunPower Innovations, Mr. Amissah said the “government wants to do 1D1F, but I ask myself, everybody is saying we are over generating. But if you build 250 factories, where are you going to get that energy from? If you build one oil refinery, where are you to get the energy from? When you build one gold refinery, where are you going to get that energy from?”

“You want to integrate bauxite, where are you going to get that energy from?”

“So, I think we have to shy away from saying; we have expensive PPAs, negotiate the expensive PPAs, but at the same time open the market for renewables to come in and take over the energy generation for the up and coming industries.

“And I think it will be a bigger change in the economy of Ghana.”

Director of Renewable and Nuclear Energy at the Energy Ministry, Wisdom Ahiataku-Togobo said the construction of the first phase of a 50-megawatt solar PV plant to be hybridised with the 400-megawatt Bui Power Authority, has commenced.

The first 10 megawatts is expected to be connected to the national grid by the end of September, while the remaining 40 megawatts will be completed by December this year.

According to him, the move will not only boost the energy capacity of the nation, but also diversify the sources of power.

Since its inception, SunPower Innovations has installed more than seven megawatts of Solar PV capacity and have undertaken major installations at shop centres, banks and financial institutions, educational institutions and dozens of commercial projects in Ghana, Nigeria and Sierra Leone.