Renewable energy feed-in tariffs (FITs) landed in Ghana on September 1 after being approved on August 28 in accordance with the country’s Renewable Energy Act 2011.
The approved rates that existed from the previous year that a PPA was signed will be fixed and applicable for that project for 10 years. And rates will be subject to review every two years.
The new FIT rates consist:
|
TECHNOLOGY |
FIT $cent*/kWh |
|
Wind |
0.16 |
|
Solar |
0.20 |
|
Hydro 10 MW or less |
0.13 |
|
Hydro 10 MW-100 MW |
0.11 |
|
Landfill Gas |
0.15 |
|
Sewage Gas |
0.15 |
|
Biomasse |
0.15 |
*Exchange rate 1.9968 Ghana Cedi to $1
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