- Officials from Ghana’s national grid operator completed immersive training to evaluate the financial and economic potential of renewable energy projects.
- Delivered by GCIEP, the training covered investment prospects, pricing mechanisms and advanced economic indicators.
- It will help ensure the success of proposed projects and Ghana's target of 10% renewable energy mix by 2030.
GCIEP and GRIDCo teams, following an insightful and engaging training session on financial modelling.
A team from Ghana Grid Company Limited (GRIDCo) has completed financial modelling trainingfor future renewable energy projects, delivered by the Green Cities, Infrastructure and Energy Programme (GCIEP) on 14–18 July 2025 in Tema.
Ghana’s energy sector is in transition, with growing interest in the potential of large-scale renewable energy such as solar and wind projects, with a national target of a 10% renewable energy mix by 2030.
Proposals for such projects need to undergo rigorous financial assessments, partly due to the high capital costs and revenue uncertainty associated with the variable nature of renewable energy. In fact, the success of renewable energy projects hinges on sound financial preparedness.
The dynamic classroom discussions covered evaluation of investment prospects, pricing mechanisms and advanced economic indicators relevant to renewable energy projects. There were also immersive practical sessions where the GRIDCo team enhanced their ability to build their own energy models, drawing on concepts such as the Monte Carlo simulation. Through continued mentorship and practical exercises, GRIDCo staff will embed these skills into everyday operations, reinforcing the growth of sustainable energy across Ghana.
One training participant, Benjamin Ahunu, Systems Planning Manager at GRIDCo, commented:
“We extend our gratitude to the GCIEP team for their unwavering support in bolstering our financial capabilities. This knowledge fortifies our journey towards successful variable renewable energy integration into Ghana's grid. Our collaboration with GCIEP is invaluable, and we look forward to advancing together on this programme.”
Ultimately, the training will increase the capacity of GRIDCo to navigate Ghana's evolving energy landscape, by assessing and assuring the viability of project proposals submitted by investors and aligning with international investor benchmarks.
The UK’s Green Cities, Infrastructure and Energy Programme is tackling climate change and extreme poverty by accelerating the delivery of sustainable green cities and climate-resilient infrastructure.
Published
31/07/25