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New Opportunity For Chinese Solar Energy Company In Africa

DS New Energy | Updated: Sep 12, 2018

The 2018 Beijing Summit and the Seventh Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) was held in Beijing from 2 to 4 September 2018. Heads of State and Government, Heads of Delegation, the Chairperson of the African Union Commission, Ministers of Foreign Affairs and Ministers in charge of economic cooperation from China and 53 African countries attended the Summit and the Ministerial Conference respectively.

In the Forum, Both sides agree to encourage and support Chinese and African companies, while upholding the principle of mutual benefits, to work together in energy trade and the investment, development and operation of energy projects, carry out demonstration projects in green energy financing, and explore green and sustainable ways of energy cooperation. China will support the development of renewable energy, mainly solar energy in Africa as well as the use of battery storage and strengthening of the electricity grid.

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