{"id":23550,"date":"2024-07-29T09:55:24","date_gmt":"2024-07-29T09:55:24","guid":{"rendered":"https:\/\/sotnews.agency\/?p=23550"},"modified":"2024-07-29T11:30:46","modified_gmt":"2024-07-29T11:30:46","slug":"ghana-can-reduce-energy-costs-in-the-long-term-by-investing-in-renewables-making-electricity-more-affordable-ceo-of-ippg","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=23550","title":{"rendered":"Ghana can reduce energy costs in the long term by investing in renewables, making electricity more affordable \u2013 CEO of IPPG"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute, 43 Second <\/div>\n\n <\/div>

The CEO of Independent Power Producers, Ghana, Dr Elikplim Apertorgbor has said that renewable energy technologies have seen significant cost reductions over the past decade.<\/strong><\/p>\n

By investing in renewables, he said, Ghana can reduce energy costs in the long term, making electricity more affordable for consumers and businesses.<\/p>\n

Dr Apertorbgor said this while commending the flagbearer of the National Democratic Congress (NDC) John Draani Mahama for his promise to establish a Renewable Energy Commission.<\/p>\n

In a statement, he said \u201cthis strategic and deep thought initiative\u201d underscores Mr Mahama\u2019s commitment to addressing Ghana\u2019s energy challenges by integrating renewable energy resources into the national energy mix.<\/p>\n

\u201cThere are significant benefits of setting up a Renewable Energy Commission, and successful international references, worth mentioning,\u201d he said.<\/p>\n

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Below is his full statement\u2026<\/div>\n

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Commending John Dramani Mahama on His Promise to Establish a Renewable Energy Commission<\/p>\n

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In a commendable move towards a sustainable energy future, John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has pledged to establish a Renewable Energy Commission. This strategic and deep thought initiative underscores his commitment to addressing Ghana\u2019s energy challenges by integrating renewable energy resources into the national energy mix. There are significant benefits of setting up a Renewable Energy Commission, and successful international references, worth mentioning.<\/div>\n

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A Visionary Step Towards Energy Competitiveness and Security<\/p>\n

Ghana\u2019s energy sector has faced numerous challenges, including inconsistent power supply and reliance on fossil fuels. Establishing a Renewable Energy Commission represents a forward-thinking solution to these issues. By focusing on renewable energy, Ghana can diversify its energy sources, reduce dependence on fuels, and enhance energy security.<\/p>\n

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Key Benefits of a Renewable Energy Commission<\/div>\n

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1. Promotion of Sustainable Development:
\nA Renewable Energy Commission will play a crucial role in promoting sustainable development by harnessing Ghana\u2019s abundant renewable resources, such as solar, wind, and hydropower. This will reduce the environmental impact of energy production and contribute to global climate change mitigation efforts.<\/p>\n

2. Economic Growth and Job Creation:
\nThe renewable energy sector has the potential to drive economic growth and create numerous job opportunities. From manufacturing and installation to maintenance and research, the industry can provide employment across various skill levels, contributing to national economic development.<\/p>\n

3. Reduction in Energy Costs:
\nRenewable energy technologies have seen significant cost reductions over the past decade. By investing in renewables, Ghana can reduce energy costs in the long term, making electricity more affordable for consumers and businesses.<\/p>\n

4. Energy Independence:
\nDeveloping renewable energy resources will reduce Ghana\u2019s dependence on fossil fuels. This energy independence will insulate the country from volatile global fuel prices and enhance national security.<\/p>\n

5. Technological Innovation:
\nA Renewable Energy Commission will foster technological innovation by supporting research and development in renewable energy technologies. This will position Ghana as a leader in the region and encourage local expertise and innovation.<\/p>\n

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International Success Stories<\/div>\n

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Several countries have successfully implemented renewable energy commissions or similar bodies, leading to significant advancements in their energy sectors.<\/p>\n

1. Germany:
\nGermany\u2019s Renewable Energy Act and the establishment of the German Renewable Energy Agency have been instrumental in the country\u2019s transition to renewable energy. Today, Germany is a global leader in solar and wind energy, with renewables accounting for a substantial share of its energy mix.<\/p>\n

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2. Denmark:
\nDenmark\u2019s commitment to renewable energy is exemplified by its Danish Energy Agency. The country\u2019s focus on wind energy has made it a world leader, with wind power meeting over 40% of its electricity demand.<\/p>\n

3. South Africa:
\nThe South African Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has attracted significant investment in renewable energy, leading to the successful deployment of solar and wind projects. This program has created jobs, stimulated economic growth, and increased energy security.<\/p>\n

John Dramani Mahama\u2019s promise to establish a Renewable Energy Commission is a visionary and strategic step towards ensuring Ghana\u2019s energy competitiveness and security. By leveraging the country\u2019s renewable energy resources, Ghana can achieve sustainable development, economic growth, and energy independence. The successful experiences of Germany, Denmark, and South Africa provide valuable lessons and highlight the transformative potential of renewable energy. This initiative deserves commendation and full support as Ghana moves towards a brighter, greener future.<\/p>\n

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Dr. Elikplim Kwabla Apetorgbor<\/div>\n

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(Power Systems Economist & CEO of Independent Power Generators, Ghana.)<\/p>\n

The post Ghana can reduce energy costs in the long term by investing in renewables, making electricity more affordable \u2013 CEO of IPPG<\/a> first appeared on 3News<\/a>.<\/p>

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