Abstract
This study presents a comprehensive analysis of a proposed 55MW solar project in Savelugu, Ghana. The project aims to contribute to Ghana's renewable energy targets while fostering sustainable development and economic growth in the region. Ghana's renewable energy sector is experiencing rapid growth, driven by government initiatives and increasing demand for clean energy solutions. The country has abundant solar resources, making it an ideal location for large-scale solar projects like the one proposed in Savelugu. The proposed project entails the development, construction, and operation of a 55MW solar power plant in Savelugu. The project will utilize state-of-the-art photovoltaic technology to harness solar energy efficiently. It will encompass land acquisition, site preparation, installation of solar panels, grid connection infrastructure, and ongoing maintenance. The financial viability of the project has been evaluated using the Finplan tool, incorporating various parameters such as capital expenditure, operational expenses, revenue projections, and financing options. The analysis indicates favourable financial returns over the project's lifecycle, with attractive Net Present Values and internal rates of return.