Ivory Coast''s Energy Renaissance: A Strategic Pivot for African
The West African nation of Ivory Coast is undergoing a transformative energy renaissance, positioning itself as a linchpin for strategic investment in African energy
This comes as the Ivorian government prioritizes infrastructure development to maintain the country's high rate of economic growth. In 2021, Ivory Coast launched its National Development Plan 2021-2025, which calls for an investment of $20 billion towards energy infrastructure.
Ivory Coast currently has 15 solar projects totaling 650 MW currently under study or development, all slated to commence operations between 2025 and 2027. In April this year, Ivory Coast announced the start of construction of the $63.5 million Ferke solar power plant in Sokoro, which will have an installed capacity of 52 MW.
Ivory Coast aims to increase its installed power capacity to 3.5 GW by 2025 and 8.6 GW by 2040. As part of this strategy, the country's Ministry of Mines, Petroleum and Energy signed a memorandum of understanding (MoU) with renewable energy company Kong Solaire earlier this month to construct a 50 MW solar power plant in the Tchologo region.
In April this year, Ivory Coast announced the start of construction of the $63.5 million Ferke solar power plant in Sokoro, which will have an installed capacity of 52 MW. Set to commence operation by Q3 2025, the project stems from an agreement signed in January 2024 with renewable energy company PFO Africa and is supported by Germany and the EU.
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