Summary

A 20 MW solar PV plant in Gomoa Onyadze (expandable to 80 MW at the developer's option), supplying ECG under a 20-year energy-only PPA signed 17 June 2013 (extendable by 5 years). A flat PURC feed-in tariff of 20.1372 US cents/kWh applies for the first 10 years, renegotiated within a PURC range thereafter, with a take-or-pay obligation.

Key terms

Offtaker

Electricity Company of Ghana (ECG)

Signing date

2013-06-17

Financial close

—

Commercial operation

—

Contract end

—

Contract duration

20 years

Contract status

Active

Tariff structure

Energy-only

Capacity charge

—

Energy charge

USD 20.1372/kWh

Key risk features

Take-or-pay Currency indexation

Indexation formula

Fixed USD rate for years 1-10, paid in Ghana cedis at the PURC-approved exchange rate; year-11 reset negotiated within a PURC range with a floor at the original rate, applying for the remaining 10 years of the 20-year term.