Katiola: $53 Million for a 50 MW Solar Power Plant in Côte d’Ivoire

A 50 MW solar power plant will be constructed in Katiola, Côte d’Ivoire. Fully financed by Katiola Solar Power, a subsidiary of JC-Monfort, this investment is valued at $53 million.

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

A convention was signed on December 2, 2024, between the Ivorian government and Katiola Solar Power, a subsidiary of JC-Monfort, for the construction of a 50 MW solar power plant in Katiola, located in the Hambol region. The project, valued at 32.897 billion CFA francs (approximately $53 million), is entirely funded by the company under a public-private partnership.

A Structured Energy Project

The project includes the design, financing, construction, ownership, and operation of the power plant by Katiola Solar Power. According to the Minister of Mines, Petroleum, and Energy, Mamadou Sangafowa-Coulibaly, this project will contribute to increasing the national electricity production capacity in line with the Production-Transport Master Plan 2022–2040.

This plan aims to raise the country’s current electricity capacity from 2,907 MW to 5,200 MW by 2030 and 8,600 MW by 2040.

Technical Specifications and Timeline

The plant, planned on a 60-hectare site in Katiola, will feature 89,208 polycrystalline solar panels with a unit capacity of 560 Wc, totaling an installed capacity of 49.96 MW. These panels will be connected to 207 inverters of 200 kW each, delivering a net power of 41.4 MW to the grid. The estimated annual production is 72,921 MWh.

The construction phase is expected to create 160 direct jobs. Once operational, the plant will generate 30 permanent jobs. Commissioning is planned for the fourth quarter of 2026, within 15 months of the convention’s effective date.

Contractual Commitment

During the signing ceremony, Minister Sangafowa-Coulibaly emphasized the importance of adhering to contractual deadlines to ensure project completion. He noted that the granting authority will be available to support the promoter in its interactions with the various involved administrations.

Abunayyan Holding and US-based Nextracker launch an industrial joint venture in Riyadh to locally produce large-scale solar equipment for Saudi Arabia and the MENA region.
ENGIE North America has signed new power purchase agreements with Meta for a 600 MW solar project in Texas, bringing their renewable energy partnership in the US to over 1.3 GW.
OPES Solar Mobility launches Europe's first factory for flexible vehicle solar panels in Zwenkau, targeting truck, bus and utility vehicle markets across several continents.
Abu Dhabi has begun construction on the world’s first gigascale solar and battery storage project, capable of delivering 1GW of baseload renewable power, with operations expected by 2027.
Shanghai Electric has signed phase II of the Parau photovoltaic project with Econergy, expanding its Romanian solar portfolio to 550 MW.
Swift Solar has installed its perovskite solar panels on a military site for the first time, as part of a US Department of Defense exercise testing energy resilience for critical infrastructure.
Mitsubishi Logistics has signed a virtual power purchase agreement with JERA Cross for 8MW of solar power, marking a new step in its energy strategies with investment plans through 2030.
The levelised cost of solar electricity continues to fall globally, reaching a regional record of $37/MWh in the Middle East and Africa thanks to tracker technologies, according to the latest market data.
Island Green Power opens a public consultation on design changes to its 500MW East Pye solar and battery storage project ahead of a permit application expected in early 2026.
US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
More than 75 solar projects in the United States were tax-sheltered in Q2 through GameChange BOS transformers, responding directly to new U.S. Treasury requirements.
Chanel has signed a 20-year power purchase agreement with REDEN to supply nearly one-third of its electricity needs in France from two photovoltaic plants commissioned in 2025.
i Grid Solutions and Tokyu Land will develop an additional 200MW of on-site solar under power purchase agreements by 2029 through their joint venture TLC VPP, with an investment exceeding JPY20bn ($133mn).
US-based developer Janta Power secures funding to expand its vertical photovoltaic towers across data centres, airports, charging stations and critical infrastructure.
The global floating solar panel market could triple by 2030, supported by energy demand and favourable regulations, according to the latest double-digit annual growth forecasts.
SMFL Mirai Partners commits to purchasing fifty low-voltage solar plants from GreenEnergy Plus, targeting 50MW installed capacity by fiscal 2030 to strengthen its supply strategy for private power purchase agreements.
Recurrent Energy, a subsidiary of Canadian Solar, secured $825mn to develop a 150 MWac solar plant and a 600 MWh storage site in Maricopa County, in partnership with Arizona Public Service.
Canadian firm Stardust Solar grants its first African franchise to Megatricity Energy in Zambia, launching a new phase of expansion into emerging solar energy markets.
French energy company elmy finalises a €3.5mn bank loan with Caisse d’Epargne Rhône Alpes to fund 13 new photovoltaic plants with a combined capacity of 3.6 MWp.
Ampyr Solar Europe has connected a 45MWp solar cluster to the grid, made up of three sites spanning 40 hectares in Germany, supplying electricity to 13,000 households.

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.