United Terra Enterprises Expands Renewable Energy in Ghana

United Terra Enterprises PLC has announced a new joint venture with TC’S Energy Limited in Ghana to expand its renewable portfolio. The venture, United Terra TC Energy (UTTCE), will focus on developing solar and ocean wave power facilities. A notable aspect of this venture includes a 1-Gigawatt Power Purchase Agreement (PPA) with the state-owned Electricity Company of Ghana.

The project pipeline aims for 500 MWp of solar capacity and 500 MWp of ocean wave energy. United Terra has secured an exclusivity agreement for advanced wave power technology, enhancing its strategic position in renewable energy. The first phase will prioritize the construction of solar facilities, with the subsequent phase focusing on offshore wave power generation.

Peter Krempin, CEO of United Terra, highlights this initiative as a transformative milestone that positions the company at the forefront of the energy transition in Africa. The joint venture targets compliance with local regulations and aims to optimize investor returns through strategic equity and preferred shareholding structures.