SUBSCRIBE
PROFILE

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:

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

SUBSCRIBE - 99$/year

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

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.

  • Popular on energynews.pro
ACWA Power signs $10bn in energy and financing deals at FII9
Washington invests $100mn to modernise coal plants as exports drop 11%
Nankai Electric Railway signs PPA for 2MW floating solar power plant
ExxonMobil hit by falling prices despite record output in Guyana
Eos Energy secures 228 MWh strategic order from Frontier Power
JA Solar to supply 1.2 GW of modules for two photovoltaic projects in Uzbekistan
JA Solar has signed an agreement with Larsen & Toubro to supply photovoltaic modules for the Samarkand 1 and 2 solar power plants, developed by ACWA Power with a total installed capacity of 1.2 GW.
HD Renewable Energy accelerates in Australia and Japan with 6.1GW of solar and battery projects
Taiwanese company HD Renewable Energy is expanding internationally with major solar and battery storage projects in Australia and Japan, targeting more than 6 gigawatts of installed capacity by 2028.
EDF, SPIC and SAPCO consortium secures financing for 1,400 MW solar projects in Saudi Arabia
Two photovoltaic plants with a combined capacity of 1,400 MW will be operational in 2027, strengthening EDF Group's international presence and Asian actors in Saudi Arabia's energy market.
Matrix Renewables inaugurates 284 MW solar power plant in Texas
Matrix Renewables and SOLV Energy have completed construction of the Stillhouse Solar plant, a 284 MW project in Bell County, representing over $370mn in private investment and 320 jobs created.
India’s solar capacity surpasses 125 GW, raising risk of overproduction
With solar module manufacturing capacity tripling domestic demand, India holds 29 GW in inventory, while exports to the United States fall by 52%.
Boviet Solar invests in 3 GW photovoltaic cell plant in North Carolina
Boviet Solar strengthens its industrial presence in the United States with a major investment in a new 3 GW photovoltaic cell plant in Greenville, consolidating its North American expansion strategy.
BrightNight and Cordelio Power Reach Financial Close for 300 MW Pioneer Hybrid Project in Arizona
BrightNight and Cordelio Power have announced the financial close for the Pioneer Clean Energy Center, a hybrid project combining 300 MW of solar and 1,200 MWh of energy storage in Arizona, aimed at supporting the state's growing energy demand.
The next-generation solar cells market will reach USD 19.62 billion by 2032
Driven by innovations in perovskite and quantum dots, the next-generation solar cells market, valued at USD 4.21 billion in 2024, is expected to grow rapidly at a rate of 21.21%, reaching USD 19.62 billion by 2032.
GreenYellow and Sasol Italy launch the construction of a 5.1 MWp solar plant in Lombardy
GreenYellow and Sasol Italy announce the start of construction of a 5.1 MWp photovoltaic solar plant in Terranova Dei Passerini. This project aims to strengthen Sasol’s energy independence in Italy while contributing to the industrial energy transition.
Seven-Eleven to procure 22.3 GWh per year from 21 MW solar and 140 kW hydro via Chugoku EPCO-sleeved PPA
Seven-Eleven Japan signs a power purchase agreement (PPA) with Chugoku Electric Power to acquire 22.3 GWh annually from solar and hydro projects, marking a new chapter for the retailer in renewable energy procurement.
OneD Battery Sciences and Putailai Sign Agreement to Produce Silicon Anodes
OneD Battery Sciences and Shanghai Putailai New Energy Technology announce a development agreement to design and scale production of silicon-carbon anodes for lithium-ion batteries.
China cancels VAT rebate and reshapes the global solar market
China's decision to cancel the 13% VAT rebate on photovoltaic module exports triggers a sharp price adjustment and reshapes a market under pressure for the past two years.
Zimplats launches a 45 MW solar project to secure its mining operations in Zimbabwe
Zimplats starts phase 2A of its solar project in Zimbabwe, with a $54 million investment to add 45 MW to its capacity, bringing its total to 80 MW to power its mining sites.
Foulath Holding launches the world’s largest rooftop solar power plant on a single site
Foulath Holding partners with Yellow Door Energy to develop a 123 MWc industrial solar power project in Bahrain, setting a global record in size and capacity for a single site.
GCL signs two 100 MW solar projects with PLN IP in Indonesia
GCL Energy Technology strengthens its presence in Southeast Asia by partnering with PLN Indonesia Power to develop two 100 MW solar plants, both ground-mounted and floating, as part of the government’s Hijaunesia program.
France: REDEN commissions a 3-hectare agrivoltaic greenhouse in Ariège
Energy group REDEN has commissioned a 3-hectare agrivoltaic greenhouse in Montaut, Ariège, combining specialised agricultural production and electricity generation on a single family-run site.
Ghana invests $200mn in rooftop solar to ease grid pressure
Ghana commits $200mn to equip 4,000 rooftops with solar panels, aiming to stabilise a strained grid and attract private capital into its power sector.
Takeei converts 1.5 MWAC solar plant to FIP scheme in Japan
Takeei Energy & Park begins operating its first asset under the feed-in-premium scheme, marking a milestone in the group’s investment strategy in the renewable energy sector.
George Gordon First Nation finalises 32.4 MW solar project in Saskatchewan
An unprecedented partnership with the Canada Infrastructure Bank enables George Gordon First Nation to fully own a solar plant powering a potash mine in Saskatchewan.
Zelestra secures $60mn tax equity financing for Jasper solar power plant
Zelestra has closed a $60mn tax equity deal with Stonehenge Capital to support its 81 MW solar project in Indiana, set to become operational in Q4 2025.

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

START - 99$/year

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.