Infinity Power secures two 80 MW solar concessions in Côte d’Ivoire

Infinity Power and the Ivorian government have signed two concession agreements for photovoltaic plants totalling 80 MW, under the World Bank’s Scaling Solar programme.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

Infinity Power has signed two concession agreements with the government of Côte d’Ivoire for the construction and operation of photovoltaic plants with a total capacity of 80 megawatts (MW), under the World Bank’s Scaling Solar initiative. These projects, located in Touba and Laboa, mark the company’s first collaboration with the Ivorian state. The plants will be connected to the national grid through 17 kilometres of transmission lines, enabling electricity supply to more than 400,000 consumers.

Award following a competitive tender
The two projects were awarded to Infinity Power following a competitive tender process supervised by the Directorate General for Energy and CI Energies. The International Finance Corporation (IFC), a World Bank Group subsidiary dedicated to the private sector, acted as technical and financial advisor to the government throughout the process. The Ministry of Mines, Petroleum and Energy and the Ministry of Finance and Budget represented the state as the granting authority.

Financing and strategic objective
Infinity Power aims to build a portfolio of 10 gigawatts (GW) of renewable energy projects by 2030. The exact cost of the operation has not been disclosed, but the company stated that its offer was deemed the most competitive. The facilities are expected to avoid the emission of more than 60,000 tonnes of carbon dioxide per year, according to company data.

Strong multilateral support
The project has received backing from international actors, including the World Bank and IFC, who view it as a lever for diversifying the country’s energy mix and strengthening supply security. Minister of Mines, Petroleum and Energy Mamadou Sangafowa-Coulibaly said that the new capacities aim to increase production, strengthen energy resilience, and stimulate local investment. Marie Chantal Uwanyiligira, World Bank Country Director for Côte d’Ivoire and several neighbouring countries, noted that integrating solar energy could help lower generation costs and achieve universal electricity access.

Belectric, part of the Elevion Group, has inaugurated its largest photovoltaic park in Bavaria, generating around 105 GWh per year, with operations and maintenance to be handled in-house.
The two countries end 37 years of conflict with a 43-kilometer corridor under American control for 99 years. The infrastructure will transport 50 million tons of goods annually by 2030.
The Johan Castberg oil field starts at full capacity, ensuring production and maintenance operations over several decades in the Barents Sea.
A senior official from the UN agency begins technical discussions with Iran on Monday, the first meeting since June strikes on Iranian nuclear sites.
Exus Renewables has secured financing for its 130MW Cibele solar plant in Portugal, with MUFG EMEA acting as sole lead arranger and exclusive financial partner.
The Canadian government adopts a new dynamic cap of $47.60 per barrel for Russian oil, aligning its position with that of the European Union and the United Kingdom.
Quercus Real Assets and Elionia finalise a €76 mn bank financing to build three biomethane plants in Italy, with 50% of the debt guaranteed by SACE.
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
AMIGO LNG has awarded COMSA Marine the engineering and construction contract for its marine facilities in Guaymas, as part of its 7.8 MTPA liquefied natural gas export terminal.
The federal government is funding an Ottawa-based company’s project to design a CO2 capture unit adapted to cold climates and integrated into a shipping container.
Petrus Resources reports a 3% increase in production in the second quarter of 2025, while reducing operating costs and maintaining its annual production and investment forecasts.
Boralex saw its earnings before interest, taxes, depreciation and amortization fall by 13% in the second quarter of 2025, despite a 14% increase in production, due to less favourable prices in France and lower revenues from joint ventures.
D3Energy has begun construction on a 6 MW floating solar system in Monroeville, designed to supply the local grid and become the largest floating installation in Ohio.
The Canadian supplier of chemical solutions for the oil industry generated CAD574 mn ($419.9 mn) in revenue in the second quarter, up 4% year-on-year, and announced a quarterly dividend.
FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.
Baghdad denies any involvement in sophisticated smuggling system mixing Iranian and Iraqi oil. Washington sanctions networks accused of financing designated terrorist organizations.
Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.
The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
EnBW posted adjusted EBITDA of €2.4 billion in the first half of 2025, supported by its diversified operations, and confirmed its annual targets despite unfavourable weather conditions.