Solar solutions company Hanergy Solars 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$1.1bn
Renewables
SolarCity to invest US$7 million in Tanzania's Off-Grid Electric
US-based solar services company SolarCity is to invest US$7mn in Tanzanian solar lighting services company Off Grid Electric to produce off-grid solar power
Grand Ethiopian Renaissance Dam to begin producing electricity in 2015
The 6,000 MW Grand Ethiopian Renaissance Dam (GERD) hydropower project, worth US$4.7bn, will begin generating electricity in 18 months, according to the Ethiopian government
Kenya’s wind power project receives US$692mn
The Lake Turkana Wind power project in Kenya will receive US$692mn in funds after 11 banking institutions signed a pact to finance the project
South Africa to build solar inverter manufacturing plant
Powerway PV SA and Sungrow have announced that they will open a solar inverter manufacturing facility in Port Elizabeth, South Africa