Sustained access to efficient electricity plays an essential role in improving living conditions of people and contributes to the economic development of the nation as a…
Sustained access to efficient electricity plays an essential role in improving living conditions of people and contributes to the economic development of the nation as a whole. Volta River Authority (VRA) mainly manages the generation plants (hydropower sources and thermal plants) alongside independent power producers (IPPs). Power generation in the country has been influenced by myriads of factors. Thus, the purpose of this study is to assess the key risk factors affecting renewable energy of IPPs set-up project in Ghana.
Quantitative approach was adopted for the study. Empirical investigation was carried out using the survey approach. The likelihood of occurrence of the risk and the degree of impact of same motivated the use of risk significance index to analyze the data and make deductions from the results.
From the study, three key risk factors have high level of severity, which include long and complex procedures for authorization of project activities, stability of the policy environment and ease of obtaining rights to land. These risks could be found in the business/strategic risks and policy/regulatory risks categories, respectively. A total of 25 key risk factors had moderate level of severity and 12 key risk factors have low level of severity on renewable energy IPP set up projects.
Top-ranked risk factors require maximum attention. The identified risks should be alleviated with strategies to reduce levels of severity by targeting either the likelihood of occurrence or the level of impact. This will serve as a catalyze to promoting renewable energy IPP set-up projects in Ghana.
Key contribution of the paper to the body of knowledge is demonstrated by the empirical evidence of the risks IPPs are likely to encounter in setting up renewable energy plants in Ghana. The distinctive attribute of this study is further demonstrated by the fact that it focused on the set-up stage, which is a critical stage in the renewable energy provision value chain.
Building energy efficiency is an inescapable part of the solution to Africa's sustainable development; its implementation can result in cost effective ways that can…
Building energy efficiency is an inescapable part of the solution to Africa's sustainable development; its implementation can result in cost effective ways that can contribute to economic and social development as well as environmental sustainability. Despite this, a number of factors including financial barriers and market barriers are perceived by policy makers and building designers to influence the efficient use of energy in buildings. The purpose of this paper is to investigate the perceptions of architects in relation to the challenges of building energy efficiency in Ghana.
From a review of pertinent literature 18 factors were identified as challenging. Empirical investigation was carried out using survey questionnaire. The consideration of overlapping aspects of the study largely motivated the use of factor analysis to analyse the data which made it possible to make scientific deductions and built explanations from the results.
The study derives five brands of uncorrelated variables that better explains challenges faced in implementing building energy efficiency in Ghana. These variables include financial barriers, information barrier, private sector participation, behavioural barriers and production barrier. The study provides insight on the contextual provision of realities faced in implementing building energy efficiency in Ghana.
Key contribution of the paper to the body of knowledge is manifested in the use of the principal component analysis. This has rigorously provided understanding into the complex structure and the relationship between the various knowledge areas of building energy efficiency barriers in Ghana.