SADA strikes 20-50MW solar plant deal

11 November 2016

SADA strikes 20-50MW solar plant deal

The Savannah Accelerated Development Authority (SADA) and Eni Energy Ghana have signed an agreement to build between a 20-50megawatts capacity solar plant in a deal that is expected to help to provide reliable energy options to investors seeking opportunities in the Savannah zone.

The plant, which is expected to be ready between 2017 and 2018 is part of SADA’s long-term goal of making the Savannah zone the most attractive investment location in the country through the provision of the necessary environment needed for businesses to thrive.

Charles A. Abugre, Chief Executive Officer of SADA speaking at the signing ceremony of the memorandum of understanding in Accra, said the deal will help communities within the Savannah zone to get commercial agriculture off the ground as the Authority bids to end economic challenges in the area.

“The suitable radiation available for solar energy in this country is the Savannah and we at SADA will provide all the support necessary for Eni to undertake the technical studies, identification of the appropriate areas, solving the land problems, and helping them to also get some of the regulatory arrangements that need to done,” he said.

The Authority, Mr. Abugre explained is also looking forward to working with interested investors who want to go into other forms of renewable energy, adding:“There are locations within the SADA zone which are also suitable for wind energy and biomass which will feed on waste from commercial agriculture.”

The SADA zone covers all the three Northern Regions and some parts of the Volta and Brong-Ahafo regions. These areas, despite the abundance of natural resources like land for commercial agriculture, are some of the less developed areas in the country.

The agreement between the two institutions is to undertake technical studies and economic feasibility of a 20-50MW solar plant, which the Authority considers to be necessary in assuring investors of its readiness to welcome investments.

According to Eni Energy Ghana, the deal fits into its long-term strategy, which is aimed at integrating its traditional business with energy from renewable sources, making the most of all possible industrial, logistic, contractual and commercial synergies.

“Eni is involved in renewables because we believe that it is the future. That is why Ghana has been selected to be one of the countries where we want to engage in renewable energy.

“We are very proud of the partnership with SADA as we look to entrench our place in this sector. The signing we are witnessing today is to help us identify places in Northern Ghana where we can invest in solar energy,” said Fabio Cavanna, Managing Director of Eni Energy Ghana.

Source: Business and Financial Times