A report published by TechNavio – a leading market research company with a global coverage on the Global Grid-scale Energy Storage System Market, states that the Energy Storage Market is expected to grow at a CAGR of 35.5 percent from mid-2015-2019.
Increasing power outages are a major concern faced by end-users nationwide. Implementation of energy generation and distribution technologies in power grids is one of its most practicable answers available for utility providers to duck service interruption.
The latest report from TechNavio pinpoints downsides of centralized power generation that are forcing nations like Ghana, to look to more decentralized energy resources.
“Many countries worldwide have adopted centralized power generation techniques, where power plants are located in remote areas to eliminate the effects of hazardous emissions. However, the huge electricity loss that takes place during their transmission is a major drawback of centralized power plants,” says Faisal Ghaus, vice president of TechNavio.
“This has led to the emergence of decentralized power generation, where power is generated from renewable energy sources such as wind and sunlight. The VRA and the government of Ghana have partnered on a number of projects aimed at reducing effects of other sources of generation methods which are harmful to its citizenry.
The VRA Solar Power Projects are situated at four sites in the environs of Kaleo (near Wa), Lawra, Jirapa and Navrongo. They were acquired for a total of 10MWp PV plants.
The wind power projects are made up of four inland and four coastal sites marked for the ongoing project. This project seeks to develop between 100 MW – 150 MW of wind farm capacity,” said Mr. Sam Kwesi Fletcher, Head of Corporate Communications on an Accra based radio station.
Hopefully, when these projects are finished, they will help ease the pressure on our central power grid.