Ghana: Renewable Energy FeedinRates.

The Public Utilities Regulatory Commission (PURC) in collaboration with Energy Commission and Ministry of Energy & Petroleum will soon operationalise the Renewable Energy FeedinRates Scheme under the Renewable Energy
Act 2011 (Act 832). This is expected to encourage investments in the Renewable Energy Sector. The Scheme is aimed at stimulating investments in the renewable energy sector to add on to the country’s energy generation mix.
The Renewable Energy Act 2011 (Act 832) mandates the PURC to set preferential guaranteed rates for renewable energy known as Feed-in-tariff (FIT).
The FIT rate shall be guaranteed for a period of 10 years in order to enable investors recoup costs associated with construction, commissioning, operations and maintenance of plants and subsequently be reviewed every two years. (Source: Modern Ghana News, 2 april 2013)