![]() ![]() ![]() ![]() For instance, Chinese firm JingkoSolar opened a photovoltaic module factory in Cape Town, South Africa, in 2014, that produces unites like the ones pictured here. Photo Credit: Dana Smillie / World Bank / Ain Beni Mathar Integrated Combined Cycle Thermo-Solar Power Plant.Ĭhinese firms are investing in renewable energy in Africa, where solar power in particular holds great potential. Some countries are thus using OFDI as a channel for new development and a catch-up strategy to acquire knowledge and technology, upgrade production processes, boost competitiveness, augment managerial skills, and access distribution networks. There is growing evidence that outward foreign direct investment (OFDI) can increase a country’s investment competitiveness, crucial for long-term, sustainable growth.
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