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Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority

A thesis submitted to the Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirements for the Award of a Degree of Master of Science in Project Management

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Main Author: Ewusie, Theophilus Kojo
Format: Thesis
Language:en_US
Published: 2021
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access_status_str Open Access
author Ewusie, Theophilus Kojo
author_browse Ewusie, Theophilus Kojo
author_facet Ewusie, Theophilus Kojo
author_sort Ewusie, Theophilus Kojo
collection Thesis
description A thesis submitted to the Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirements for the Award of a Degree of Master of Science in Project Management
format Thesis
id oai:ir.knust.edu.gh:123456789/14019
institution KNUST (Ghana)
language en_US
last_indexed 2026-06-10T12:31:22.621Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
publishDate 2021
publishDateRange 2021
publishDateSort 2021
record_format dspace
source_str KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
spelling oai:ir.knust.edu.gh:123456789/14019 Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority Ewusie, Theophilus Kojo Renewable Energy Investment Ghana Volta River Authority A thesis submitted to the Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirements for the Award of a Degree of Master of Science in Project Management This study assessed the risk associated with renewable energy investment at Volta River Authority, a semi-structured interview and questionnaire were used to access data from Management and staff of the Volta River Authority (VRA). The study reveals that the company recognizes various risks associated with renewable energy investment, risk identification is very crucial to plan appropriate intervention directed at fostering flow of capital into the RE sector. The researcher gathered that most of the respondents agreed on the impact of risks in the renewable investments in order to achieve corporate objectives. The responses gathered further reveals that most of the respondents identify the various barriers to deployment and mitigation for risks associated with Renewable Energy Investment (REI). It was recommended that Volta River Authority should explore the development of strategic alliance with complimentary players in the value chain component suppliers, utilities and financial institutions to create risk resilient consortium then hedging the significant risks associated to the disconnected across the value chain steps. The company should also explore the use of bank guarantees and/or insurances to secure engineering, procurement construction (EPC) and components suppliers to honor their contractual quality and services obligations. Competence of staff is a necessity to increase efficiencies in processes resulting in performance of renewable energy projects. It was further recommended that a systematic approach to risk management that uses a meaningful risk break down structure (RBS) and risk management plan. These aid better risk identification and minimization. KNUST 2021-06-18T11:14:56Z 2023-04-19T03:36:31Z 2021-06-18T11:14:56Z 2023-04-19T03:36:31Z 2021-06-18 Thesis https://ir.knust.edu.gh/handle/123456789/14019 en_US application/pdf
spellingShingle Renewable
Energy
Investment
Ghana
Volta River Authority
Ewusie, Theophilus Kojo
Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title_full Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title_fullStr Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title_full_unstemmed Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title_short Assessment of risks associated with renewable energy investment in Ghana: A case study of Volta River Authority
title_sort assessment of risks associated with renewable energy investment in ghana a case study of volta river authority
topic Renewable
Energy
Investment
Ghana
Volta River Authority
url https://ir.knust.edu.gh/handle/123456789/14019
work_keys_str_mv AT ewusietheophiluskojo assessmentofrisksassociatedwithrenewableenergyinvestmentinghanaacasestudyofvoltariverauthority
AT assessmentofrisksassociatedwithrenewableenergyinvestmentinghanaacasestudyofvoltariverauthority