“Solar solutions company Hanergy Solar’s subsidiary has acquired 70 per cent equity in Ghanaian company Savanna Solar to develop a 400 MW solar photovoltaic (PV) project in northern Ghana at an estimated cost of US $1.1 billion.”
In addition to heavy involvement in oil and other key industries, the Chinese government has helped invest and develop a number of large-scale infrastructural projects in Ghana. The 400-megawatt Bui Dam and the Kpong Water Supply Expansion Project are two notable and still functioning examples.
At a conference in Ghana this month — titled Natural Resource Governance and Management in Ghana: The Stride Towards an Efficient use of our Natural Resources — Zhou Youbin, a diplomat at the Chinese Embassy in Ghana, spoke about cooperation between the two countries:
“China, as a traditional friend and an important development partner over the years, has spared no efforts in supporting the development and construction of Ghana,”
“In 2014, statistics about China-Ghana cooperation is inspiring. Ghana’s export to China and Chinese Foreign Direct Investment (FDI) inflows to Ghana has both surpassed one billion dollars, making China the biggest investor of Ghana in the past year.”
With the announcement of the upcoming billion-dollar solar plant, it appears China is maintaining status as the main investing and developing partner for Ghana.