Axian Energy begins construction of 60 MW solar power plant in Senegal

Axian Energy has launched work on the NEA Kolda solar plant, equipped with a 72 MWh storage system, for a total investment of €105mn ($113.6mn).

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Axian Energy has initiated construction of the NEA Kolda solar power plant, located in Tankanto Escale in the Kolda region of southern Senegal. The project includes an installed capacity of 60 megawatts (MW) and a battery energy storage system (BESS) with a capacity of 72 megawatt-hours (MWh). The facility aims to strengthen electricity supply for around 235,000 people.

A response to Senegal’s energy ambitions

The project supports Senegal’s national strategy to reach 40% renewable energy in its power mix by 2030. With integrated storage, NEA Kolda is expected to enhance the stability of the national grid, particularly during peak demand. Its location in the Casamance region aligns with efforts to decentralise energy infrastructure.

Financing structured around institutional investors

In October 2024, three institutions provided €84mn ($90.9mn) in financing for the project: the Emerging Africa & Asia Infrastructure Fund (EAAIF), the Netherlands Development Finance Company (FMO), and the German Investment and Development Corporation (DEG). The total investment cost stands at €105mn ($113.6mn). The Voltalia–Entech consortium was selected to build the generation and storage infrastructure.

Construction project to engage local workforce

The plant’s construction will involve around 400 workers from the Kolda region, enhancing local employability. Axian Energy stated that recruitment will cover both the construction phase and the future operational phase.

Parallel rollout of social initiatives in the region

Alongside the energy deployment, Axian Energy has committed nearly CFA2bn ($3.26mn) to social programmes. These include agricultural training, livestock support, the construction of a maternity centre, and sports infrastructure. The company’s approach is structured around five areas: health, education, local economy, culture, and climate adaptation.

Cross-sector partnerships for sustainable impact

The programme also features financial management training and entrepreneurship support, particularly targeting women and youth. The agricultural sector has received technical training, seed assistance, and the development of access routes. These efforts aim to support an integrated territorial economy.

French developer Akuo has completed three crowdfunding campaigns to support its solar power plants in Côte-d’Or, raising a total of €5.15mn ($5.57mn) exclusively from local stakeholders.
Zimbabwe plans to launch the construction of a 600 MW floating solar power plant on Lake Kariba in 2026, aiming to reduce its reliance on drought-affected hydropower.
The company has secured a 108 MW solar project in Sicily, its largest in Italy, following the second national FER X auction, strengthening its portfolio of energy investments in the country.
Independent power producer GreenGo strengthens its portfolio to 193 MW under public schemes, after winning a new 48 MW solar project through the FER X NZIA programme.
Italy awarded over 1.1 gigawatts to 88 solar projects using no Chinese equipment, in a European first, at an average tariff of €66.38/MWh, 17% above previous auctions.
French firm Newheat forms a joint venture with Sunmark Chile to develop large-scale solar thermal heat projects for the mining sector, targeting decarbonisation of copper extraction processes in Chile.
Scatec has begun commercial operation of the second phase of its 120 MW solar project in Mmadinare, marking a strategic step in Botswana’s energy sector.
Origis Energy finalised a $290mn financing with Natixis CIB and Santander for the Swift Air Solar II and III projects, totalling 313 MWdc of installed capacity in Ector County, Texas.
ACWA Power and Bapco Energies signed a joint development agreement for a solar power plant integrated with storage technology in eastern Saudi Arabia, to supply electricity to Bahrain.
The Tilley Solar project, led by Indigenous and private partners, has reached full commissioning, adding 23.6 MW to Alberta's power grid and marking an economic milestone for Alexander First Nation.
Waaree Solar Americas will supply next-generation bifacial modules to Sabancı Renewables for two utility-scale solar plants in Texas, strengthening its presence in the North American market.
A court in Illinois has dismissed a lawsuit filed against ECA Solar, removing legal barriers to the construction of a planned solar facility outside the city limits of Morris.
EDF power solutions acquires a 20% stake in Obelisk, a 1.1GW hybrid solar and storage project in Egypt led by Scatec and Norfund, marking a new milestone in its regional strategy.
Mitsubishi HC Capital Energy and Ecokaku will develop 10 MW of non-subsidised solar power plants annually in Japan, targeting direct contracts with industrial buyers through long-term power purchase agreements.
Canadian company NU E Power plans to fund the development of its solar projects in Lethbridge and feasibility studies in Mongolia, Malaysia, and Africa through a $1.8mn private placement.
Citicore Renewable Energy Corporation signed a PHP3.975bn ($71mn) project finance loan with Bank of the Philippine Islands to accelerate the completion of its 113MW solar power plant in Pangasinan province.
U.S. clean energy capacity growth hits quarterly record, but industry players raise concerns over a slowing market amid regulatory instability.
Norwegian producer Scatec launches commercial operation of its 273 MW solar plant in Western Cape under a 20-year power purchase agreement.
Scatec has signed two shareholder agreements for its 1.1GW hybrid project in Egypt, reducing its economic interest while retaining operational control.
The French subsidiary of Solarwatt has filed for court-ordered restructuring, hit by reduced public subsidies and a downturn in the residential solar segment.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.