The Ministry of Energy has announced a transformative US$3.4 billion renewable energy investment programme, marking one of Ghana’s most ambitious steps yet toward a clean energy transition and sustainable power future.
The announcement was made during the launch of the web application platform for the Net Metering Component of the Scaling-Up Renewable Energy Programme (SREP).
The Deputy Minister for Energy and Green Transition, Richard Gyan Mensah, described the event as “the moment we have all been waiting for.”
He said the initiative represents a major acceleration of Ghana’s energy transition efforts, which formally began with the passage of the Renewable Energy Act, 2011 (Act 832).
While earlier net metering initiatives provided valuable lessons, he noted that the new SREP Net Metering Application Platform offers a more advanced, more efficient system to expand clean energy adoption nationwide.
The user-friendly web portal will allow households, businesses, industries, and public institutions to apply for smart net metering, covering both existing solar installations and new systems, and will enable nationwide tracking of distributed renewable energy assets.
Supported by the Government of Ghana, the African Development Bank, the Climate Investment Fund, and the Swiss Government, SREP is expected to help diversify Ghana’s energy mix, reduce emissions, expand electricity access in remote communities, and support inclusive development.
The programme is central to meeting Ghana’s target of 10% renewable energy penetration by 2030.
At the recent 7th African Committee Meeting of the International Solar Alliance, the Minister for Energy, Hon. John Abdulai Jinapor, confirmed the US$3.4 billion investment plan, noting that nearly 20% of the investment will go into distributed renewable energy systems.
Other priority areas include solar-powered steel manufacturing, solar irrigation, and hybrid solar–wind–hydrogen technologies to strengthen national energy security.
Ghana currently has 280MW of non-hydro renewable capacity, representing 5% of the national energy mix. The Ministry expects this to increase to 7% by 2027 through targeted SREP interventions.
Under SREP, 12,000 net metering systems are being deployed nationwide, 1,089 for secondary schools, hospitals, and MMDAs, and 10,911 for homes, SMEs, and private-sector entities.
The Ministry is confident of meeting its 70MW net metering capacity target upon completion.
Mr. Gyan Mensah commended the SREP Project Implementation Unit for building an intuitive digital platform and encouraged ECG, NEDCo, the Energy Commission and PURC to integrate the system into their websites for easy access.
He also emphasised the need for applicants to follow approved processes to avoid delays.
The Deputy Minister thanked the Ministry of Finance for providing a GH¢48 million counterpart fund, of which GH¢28 million had been released by the end of the third quarter of 2025.
The remaining amount is expected to be transferred to the designated Government of Ghana account before year-end.
He further acknowledged the African Development Bank, private investment partners, and the Swiss Government for their sustained support.
“In partnership, we are lighting up Ghana for a sustainable future and securing a resilient energy generation pathway,” Mr. Gyan Mensah said.
Source: Myxyzonline.com
