Côte d’Ivoire: €15 Million EU Funding to Accelerate Green Energy

Côte d’Ivoire partners with the European Union with €15 million investment to promote green energy, reinforcing its goal of achieving 45% renewables in its energy mix by 2030.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The energy transition of Côte d’Ivoire gains momentum with the signing of a financing agreement between the Ivorian Ministry of Finance and Budget and the European Union (EU). This partnership, concluded on November 27, 2024, allocates €15 million (approximately 9.84 billion CFA francs) to the Green Energy Production Support Project (PAPEV).

This project aligns with the country’s strategy to increase the share of renewable energy in its electricity production to 45% by 2030. Currently, Côte d’Ivoire’s energy mix is dominated by thermal power plants, which account for 75.82% of the gross electricity production, compared to 23.98% for hydroelectric facilities.

An Expanded Partnership for Sustainable Growth

The €15 million funding is part of a broader framework that includes five agreements totaling €112 million. Among the highlighted areas, a particular focus is placed on promoting “inclusive and sustainable growth,” with a dedicated budget of €50 million.

The primary goal of PAPEV is to strengthen electricity production from renewable sources, including solar, wind, and biomass. This initiative also aims to improve access to electricity in rural areas, contributing to greater energy equity nationwide.

Continuous Growth in Electricity Production

According to data from the Ministry of Economy, Côte d’Ivoire’s gross electricity production nearly doubled between 2018 and 2023, rising from 7,125 GWh to 13,345 GWh. This growth is essential to meet increasing energy demand driven by economic expansion and rapid urbanization.

In addition to efforts to expand renewable capacities, Côte d’Ivoire continues to develop its thermal infrastructure. However, authorities emphasize the importance of diversifying energy sources to reduce reliance on fossil fuels and curb greenhouse gas emissions.

Outlook for 2030

The cooperation with the European Union highlights Côte d’Ivoire’s commitment to combating climate change while fostering sustainable energy development. Through initiatives like PAPEV, the country aims to become a model for green energy in West Africa.

This transformation is also expected to attract new international investments, thereby strengthening the nation’s economic foundations and improving living conditions for its population.

Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
New solar installations rose 64% year-on-year, driven by China, which accounted for more than two-thirds of global deployed capacity.
Virya Energy invests EUR2mn in a photovoltaic plant at the Oncopole park-and-ride in Toulouse, marking a 30-year partnership with Tisséo to strengthen the city’s energy self-consumption.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.
GreenYellow is installing several photovoltaic plants and an energy storage system on Altarea's logistics platforms in Bollène and Puceul, through a 30-year PPA contract fully financed by the company.
Ascent Solar Technologies has signed an agreement with Star Catcher Industries to enhance in-orbit power generation by combining lightweight photovoltaic technology with wireless energy transmission.
NextWave Energy Monitoring integrated 529 megawatts of Cenergy solar projects into its PVPulse platform, including the largest 300 MW photovoltaic plant equipped with its monitoring system.
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.

Log in to read this article

You'll also have access to a selection of our best content.