| Product Code: ETC4520457 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The concentrating solar power (CSP) market in Ghana is witnessing growth as the country explores renewable energy sources to diversify its energy mix and reduce reliance on fossil fuels. CSP technology uses mirrors or lenses to concentrate sunlight onto a small area, generating heat to produce steam and drive turbines for electricity generation. In Ghana, the CSP market is driven by favorable solar radiation conditions, government incentives for renewable energy projects, and the need to address energy access challenges in remote areas. CSP developers and investors in Ghana are exploring opportunities to deploy large-scale solar power plants and integrated energy storage systems to enhance grid stability and reliability.
With a focus on renewable energy and reducing dependence on fossil fuels, Ghana is witnessing increased investment in concentrating solar power projects. Favorable government policies, declining costs of solar technologies, and the need for sustainable energy solutions are driving growth in the concentrating solar power market.
Challenges facing the concentrating solar power market in Ghana include land acquisition and permitting issues for solar power plant development. Additionally, grid integration challenges and intermittent sunlight availability impact the reliability and scalability of concentrating solar power projects.
Recognizing the potential of concentrating solar power (CSP) to contribute to energy security and sustainability, the government may introduce policies to support the development and deployment of CSP technologies. These policies could include initiatives to provide financial incentives for CSP projects, establish regulatory frameworks to facilitate CSP investment and grid integration, and support research and development in CSP technology innovation and cost reduction. Additionally, the government may implement measures to promote skills development and training in CSP system design, installation, and maintenance, foster collaboration between public and private stakeholders in the CSP value chain, and raise public awareness about the benefits of CSP as a clean and renewable energy source.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Concentrating Solar Power Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Concentrating Solar Power Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Concentrating Solar Power Market - Industry Life Cycle |
3.4 Ghana Concentrating Solar Power Market - Porter's Five Forces |
3.5 Ghana Concentrating Solar Power Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Ghana Concentrating Solar Power Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
3.7 Ghana Concentrating Solar Power Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.8 Ghana Concentrating Solar Power Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Ghana Concentrating Solar Power Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and policies supporting renewable energy adoption |
4.2.2 Increasing focus on reducing carbon emissions and transitioning to clean energy sources |
4.2.3 Rising electricity demand and the need for reliable and sustainable power generation |
4.3 Market Restraints |
4.3.1 High initial investment costs for setting up concentrating solar power plants |
4.3.2 Dependence on sunlight availability, leading to intermittency and variability in power generation |
4.3.3 Lack of skilled workforce and technical expertise in the concentrating solar power sector |
5 Ghana Concentrating Solar Power Market Trends |
6 Ghana Concentrating Solar Power Market, By Types |
6.1 Ghana Concentrating Solar Power Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Ghana Concentrating Solar Power Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Ghana Concentrating Solar Power Market Revenues & Volume, By Solar Power Towers, 2021-2031F |
6.1.4 Ghana Concentrating Solar Power Market Revenues & Volume, By Linear Concentrating Systems, 2021-2031F |
6.1.5 Ghana Concentrating Solar Power Market Revenues & Volume, By Dish Stirling Technology, 2021-2031F |
6.2 Ghana Concentrating Solar Power Market, By Operation Type |
6.2.1 Overview and Analysis |
6.2.2 Ghana Concentrating Solar Power Market Revenues & Volume, By Stand-alone, 2021-2031F |
6.2.3 Ghana Concentrating Solar Power Market Revenues & Volume, By Storage, 2021-2031F |
6.3 Ghana Concentrating Solar Power Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Ghana Concentrating Solar Power Market Revenues & Volume, By Less than 50 MW, 2021-2031F |
6.3.3 Ghana Concentrating Solar Power Market Revenues & Volume, By 50 MW to 100 MW, 2021-2031F |
6.3.4 Ghana Concentrating Solar Power Market Revenues & Volume, By 100 MW and Above, 2021-2031F |
6.4 Ghana Concentrating Solar Power Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Ghana Concentrating Solar Power Market Revenues & Volume, By Utilities, 2021-2031F |
6.4.3 Ghana Concentrating Solar Power Market Revenues & Volume, By Enhanced Oil Recovery (EOR), 2021-2031F |
6.4.4 Ghana Concentrating Solar Power Market Revenues & Volume, By Others, 2021-2031F |
7 Ghana Concentrating Solar Power Market Import-Export Trade Statistics |
7.1 Ghana Concentrating Solar Power Market Export to Major Countries |
7.2 Ghana Concentrating Solar Power Market Imports from Major Countries |
8 Ghana Concentrating Solar Power Market Key Performance Indicators |
8.1 Capacity utilization factor of concentrating solar power plants |
8.2 Levelized cost of electricity (LCOE) for concentrating solar power projects |
8.3 Number of new concentrating solar power projects commissioned |
8.4 Solar resource availability and its impact on power generation efficiency |
8.5 Adoption rate of concentrating solar power technology in the overall energy mix of Ghana |
9 Ghana Concentrating Solar Power Market - Opportunity Assessment |
9.1 Ghana Concentrating Solar Power Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Ghana Concentrating Solar Power Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
9.3 Ghana Concentrating Solar Power Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.4 Ghana Concentrating Solar Power Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Ghana Concentrating Solar Power Market - Competitive Landscape |
10.1 Ghana Concentrating Solar Power Market Revenue Share, By Companies, 2024 |
10.2 Ghana Concentrating Solar Power Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |