Total Petroleum has teamed up with Paris-based power producer Neoen to build 40 MW of solar parks in northern Ghana over the next two years, an official told Xinhua news agency on Tuesday.
The parties will invest between USD 40 million (EUR 35.4m) and USD 50 million in each of the two 20-MW projects, according to Frederic Ciamous, senior business development manager for renewable energies at France’s Total SA.
The World Bank will be one of the international project financing institutions that will help fund the schemes, Ciamous told Xinhua.
The two solar parks will be completed and commissioned by 2017, subject to clearance by Ghana’s government, the official has said.
Ghana seeks to raise its total installed power capacity to 5,000 MW by 2017 from the current 2,840 MW. The goal is for renewables to have 10% share of the total energy mix.