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Solargiga of China Forms Venture to Develop Solar Farms in Ghana

Solargiga Energy Holdings Ltd. (757), a Chinese solar manufacturer, formed a joint venture to develop 200 megawatts of photovoltaic plants in Ghana.

The company will own 90 percent of the venture with Savannah Accelerated Development Authority, which promotes green projects in the country’s north, Solargiga said in a statement.

Ghana is following nations on the continent such as Nigeria and South Africa in seeking to develop large solar plants. It introduced long-term incentives to help meet a 10 percent target for generation from clean sources by 2020. U.K. developer Blue Energy Co. plans a 155-megawatt solar park in the country.

“In recent years, using solar power is actively promoted in Africa,” Hsu You Yuan, chief executive officer at Hong Kong-based Solargiga, said in the Dec. 9 statement. “Thanks to growing market demand, coupled with the government’s supportive policy, we believe that the African market enjoys huge potential.”

Solargiga will initially develop projects with 40 megawatts of capacity, it said without elaborating. The company produces solar wafers, panels and cells, as well as building projects.

To contact the reporter on this story: Marc Roca in London at mroca6@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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