Significant increases of utility tariffs in Nigeria and Ghana are improving the business case for solar by providing money to utilities and bringing competition to the power market, according to energy developers.
Speaking to PV Tech at the Solar and Off-grid Renewables West Africa <http://westafrica.solarenergyevents.com/> event in Accra, Ghana, Lord Gati, chief operations officer of renewables developer Axcon Energy, said that one of the key challenges for solar developers in Ghana is the financial credibility of the main utility Electricity Company of Ghana (ECG).
Gati said any developer looking to build 20MW of solar in the country will be looking to feed power to ECG, but investors need to be sure of payments coming from the utility for the solar energy produced.
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