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Review and Recommendations for Renewable Energy Policies and Regulations to Promote Private Investment in Liberia

Journal: International Journal of Science and Research (IJSR) (Vol.10, No. 7)

Publication Date:

Authors : ;

Page : 1428-1435

Keywords : Renewable energy; Renewable power generation; Policy; Regulation; Electricity;

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The development and implementation of renewable energy policies and regulations in Liberia are cardinal to develop the nascent electricity sector. Liberia had developed some of the priority policy and regulatory instruments in the electricity sector; however, supportive policies and regulations to minimize investment risks and create an enabling environment for all actors are indispensable to attain universal energy access. The research aims to provide policy and regulatory recommendations that will increase private sector participation in the electricity sector of Liberia through the deployment of renewable energy technologies. The recommendations examined a comprehensive review and analysis of the energy legislation in Liberia, renewable energy policies in Nigeria, Ghana, Sierra Leone, and data on renewable energy policies from countries in West Africa. It was explicit from the literature review that Liberia does not have policies and regulations for renewable power generation, transmission, and distribution, which are imperative for private sector participation. The establishment of the new renewable energy law and supportive policies such as policy and regulation on tariff setting, fiscal policy, financial policy, administrative and legal provisions, and technical standards are the recommendations of this research paper.

Last modified: 2021-08-15 12:57:31