Kwasi Agyenim Boateng, the secretary for the Association of Ghana Solar Industries, has called for expedited action to set up an authority to manage the renewable energy fund under the Renewable Energy Act.
This he believes will mitigate some of the challenges leading to the slow pace at which the private sector is drifting to renewable energy particularly, the funding gap.
Globally, renewable energy is being highlighted with increasing investments in many countries under the energy transition agenda.
While some energy experts are advocating the complete elimination of fossil fuels, others believe otherwise.
Speaking with Emmanuel Aboagye Wiafe on Asaase Radio’s Energy 101, Boateng said the private sector has not taken full advantage of renewables because the Act is not fully operationalised.
He also identified some other barriers which are inhibiting the movement towards renewable energy.