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ECOWAS Status Report

RENEWABLE ENERGY AND ENERGY EFFICIENCY STATUS REPORT 2014 | 57 POLICY AND TARGET OVERVIEW 04 Renewable energy targets represent a primary mechanism to promote growth of the renewables sector by articulating a long-term vision and sending a positive signal to investors. These targets take many forms, including technology-neutral or technology-specific shares of renewables in the national energy or electricity mix, or specific installed capacities for individual technologies by a future date. The EREP has established goals for grid-connected renewable energy across the ECOWAS region.14 (See Table 14.) Building on these regional goals, 13 ECOWAS Member States have now set targets for the deployment of renewable energy technologies.15 (See Table 15.) The majority of these targets focus on achieving a specified share of renewables in the national energy or electricity mix. Cabo Verde has emerged as the regional leader, targeting 50% renewable energy in the national electric grid by 2020.16 The majority of targets fall in the range of a 5% to 35% share to be achieved by 2020 or 2030, mirroring targets being set around the world.17 A handful of ECOWAS countries have set targets for the deployment of specific renewable technologies, such as for wind and solar in Guinea, the deployment of solar home systems in Sierra Leone, and for hydropower, solar, biomass, and wind in Nigeria (draft targets).18 In addition to targets, Member State governments have adopted a mix of regulatory policies such as feed-in policies, renewable portfolio standards (RPS), and energy tendering, as well as fiscal incentives—including tax reductions, loan interest loans, and grants—to drive sector development. Policies for power generation continue to receive the greatest attention from policymakers both within ECOWAS and around the world.19 Renewable power generation policies take many forms, each with their own targets area of impact, as well as varying strengths and weaknesses. Policies can be implemented to remove various barriers to renewable energy penetration, and can be targeted at either large- or small- scale projects implemented by a wide range of electricity producers or consumers. Although the benefits of many policy mechanisms for renewable energy support are well established, policymakers face challenges in selecting and designing the right mix of policies to address their unique domestic conditions and achieve their specific development goals. As of early 2014, 13 ECOWAS Member States had adopted some form of policy to promote renewable energy in the electricity sector.20 (See Table 16.) TABLE 14 | EREP Grid-Connected Renewable Energy Targets Source: see endnote 14 for this section. 2,425 MW 7,606 MW 10% 19% 48% 35% 8,350 GWh 23% 29,229 GWh 31% 5% 12% RENEWABLE ENERGY INSTALLED CAPACITY SHARE OF PEAK LOAD SHARE (INCLUDING MEDIUM AND LARGE HYDROPOWER) RENEWABLE ENERGY GENERATION SHARE (INCLUDING MEDIUM AND LARGE HYDROPOWER) SHARE OF ENERGY DEMAND 2020 2020 2020 2020 2020 2020 2030 2030 2030 2030 2030 2030 RENEWABLE ENERGY

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