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The 50MW Windstar wind farm is expected to reach a financial close in the next year.
- When completed, the farm will generate 150 GWh of clean energy annually.
- The project is being developed by eleQtra and Engie
The 50MW Windstar wind farm is expected to reach a financial close in the second quarter of 2022. The project which is being developed by eleQtra and Engie will be sited in the Greater Accra region of Ghana. The Project is being developed as an independent power producer (“IPP”) under a Build Own Operate structure with the energy generated sold to the state grid ECG under a 20 year PPA. The developers had initially hoped to achieve a financial close for the project in 2018 with operations commencing in 2019.
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When completed, the farm will generate 150 GWh of clean energy annually, providing power to about 130,000 Ghanaian households. it will also cut down CO2 emissions by 6m tonnes over a 20 year period. the project aims to take advantage of the feed-in-tariff regime established by the Ghanian government in 2013 that establishes tariffs for wind, solar, small and medium hydro and other sources.
In addition, the Government has enacted a Renewable Energy Law and set a target for 10% of generation capacity to come from new renewables sources including wind, solar, small and medium hydro and other sources.
In 2015 eleQtra installed a 120m high meteorological mast on-site and initialled a draft PPA with the Electricity Company of Ghana for the sale of energy from the Project. The project has now obtained a siting permit and we are presently completing the land acquisition and undertaking environmental and technical studies.