Suntech Power Holdings Co Ltd, China's largest maker of solar panels, has signed a deal to develop solar plants in South Africa with up to 100 megawatts in capacity.
The move comes as South Africa looks to increase its clean energy output, as well as boost manufacturing and infrastructure as its seeks to broaden its economic appeal beyond its wealth of natural resources.
The total investment required for building a 100 megawatt solar power plant is estimated to be between $350 million and $400 million.