Korean investor eyes Ghana with aim of funding 300MW of solar projects

Facebook
Twitter
LinkedIn
Reddit
Email

Investment companies are continuing to investigate opportunities in emerging markets, one of which is Ghana, which is being studied by a Korean company with a view to investing in the company’s solar market. The Ghana Energy Commission and Halla Energy and Environment, a Kyonggi-do, South Korea-based EPC company, have been in discussions to establish a framework under which the latter could invest in the development of 300MW of solar energy in the country.

Halla’s COO, Byung Nam Kim, told a press meeting following the discussion that it is seeking the backing of the Korean Government for the investment, the amount of which was not disclosed. The Korean company intends to return to Ghana upon invitation by the Ghanaian Government to conduct a six-month feasibility study prior to setting out on the investment road.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Ghana is said to have stabilized its economy of late, and its position and abundance of natural resources make it ideal for developments such as large-scale solar deployment.

Mr. Kim seemed keen to stress the validity of the investment investigation, stating that Halla Energy and Environment has been a reputable company in the energy and environment industries for the past 30 years.

Cadbury recently invested around US$780,000 in the installation of solar modules and lanterns in the country.

Further information on the proposed investment plans are available on the Ghanaian Government’s website.

Read Next

September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 9, 2025
Nautilus and Summit Ridge Energy secured major financing deals to expand community solar projects across multiple US states.
September 9, 2025
The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.
September 9, 2025
The average price of solar modules sold in Europe fell marginally between July and August, while buyers’ confidence remained steady.
September 9, 2025
The US Solar Energy Industries Association (SEIA) has released a policy blueprint which it claims would “strengthen the reliability of America’s electric grid with solar and storage technologies.”
September 9, 2025
US solar tracker manufacturer Nextracker has acquired Origami Solar, a steel frame technology-focused company, for approximately US$53 million. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines