A locally-owned solar PV firm in Ghana’s Northern region, Yendi is set to play a crucial role in curbing the country’s persistent load-shedding issues. The $59 million project, which boasts a capacity of 50 MW, is currently 65% complete and is expected to significantly reduce the nation’s reliance on fossil fuels for electricity generation.
First Sky Group is financing the project through an Engineering, procurement, and construction finance agreement while the Bui Power Authority (BPA) is mandated to oversee the construction. According to the agreement, BPA is set to repay the funds over an 8-year period.
The Yendi Solar PV project is Ghana’s second largest after Bui’s 55 MW plant. The solar farm’s construction commenced on September 30, 2023, and spans across a vast 140-acre land area. According to the select chair of the energy project, Owuraku Aidoo, the initiative is in line with the government’s goal to get a 10% combination of renewables in the country.
This initiative marks a significant step towards Ghana’s commitment to transitioning to cleaner and more sustainable energy sources. By harnessing the abundant solar energy available in the country, it aims to alleviate pressure on the national grid, minimize power outages, and contribute to a more stable and reliable electricity supply.
Additionally, the successful completion of this project will not only enhance Ghana’s energy security but also stimulate economic growth by providing a reliable and affordable source of electricity for businesses and industries. Furthermore, it has created employment opportunities during its construction and operation phases, contributing to the country’s socio-economic development.
Moreover, First Sky Group is planning another 200MW Yapei and Salaga renewable projects. This will boost the country’s renewable energy output, and ease access to to affordable energy resources.
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