A Ghanaian Renewable Energy production firm, TC Energy is set to boost the energy sector with the construction of 100MW energy plant in Ada.
The plant to be constructed by a Swedish technology developer, Seabed Technology is expected to be completed in the next 24 months to generate electricity from sea waves.
TC Energy has therefore signed a deal with Fidelity Bank Ghana to fund the construction of the project.
In an interview after a short ceremony, Chief Executive of TC Energy, Anthony Opoku said the $200 million project has the capacity to transform the country’s power situation.
He said, “This contract marks the culmination of a long process toward building Africa’s first utility-scale wave park, and we hope will lead to the expansion of renewable energy across Ghana and West Africa.”
Seabased wave parks produce electricity using wave energy converters which consists of buoys connected to linear generators.
It is an emerging sector in the rapidly growing renewable energy industry with the potential to provide about 80 percent of electricity generated globally.
Latest Stories
-
AKOA Group signs MOU with GCTU
6 mins -
ECG privitisation: Who will put money in a failing organisation? – asks Nana Yaa Jantuah
31 mins -
Your call for independent audit of voter’s register hypocritical and mischievous – NPP to NDC
39 mins -
Why Ayariga coughed, itchy bottom and are you using the right condom – A review of Prof. Alex Dodoo’s ‘Healthy Secrets’
40 mins -
EC has a lot to do before the election – Methodist Bishop
49 mins -
Illegal mining affects food production – CSIR
60 mins -
Joy Sports secures exclusive interview with Michael Essien
1 hour -
Illegal Mining: President must declare a state of emergency – Nyaho-Tamakloe
1 hour -
Akufo-Addo assents to Affirmative Action Gender Equity Bill 2024
1 hour -
Ghanaian politicians aren’t interested in sports development – Veronica Commey
1 hour -
Joy Prime launches Big Chef Tertiary Season 2 on September 20
2 hours -
National Security, Highway Authority address human security issues in Ahanta
2 hours -
ACEP accuses ECG of exchange rate manipulation leading to GH₵7bn loss
2 hours -
NDC should reconsider its stance on signing peace pact – Methodist Bishop
2 hours -
Afcon 2023: Sports Minister, GFA hauled before Parliament to account
2 hours