SADA, Solargiga to install 40-MW solar park in Ghana
Jul 1, 2014 - The Savannah Accelerated Development Authority (SADA) announced on Friday it had agreed with Chinese firm Solargiga Energy Holdings Ltd (HKG:0757) to build a 40-MW solar farm in Tamale, Ghana.
The parties will invest in the USD-120-million (EUR 87.6m) photovoltaic (PV) project through a joint venture in which Solargiga holds a 90% stake and SADA owns the rest of the shares. The joint company was formed in December to install 200 MW of solar capacity in Ghana.
They have signed a deal that calls for the agency to secure the required land for the scheme along with the necessary license. At the same time, the Chinese company will be responsible for obtaining financing from the International Finance Corp (IFC).
Speaking at a press conference, SADA’s acting CEO Charles Abugre Akelyira said the agency is also seeking funds to develop a mini-hydropower plant in the Upper West Region.