Bénin advances solar energy with independent producers

The Bénin is advancing its solar energy development by leveraging independent electricity producers. The country aims to strengthen its national electricity grid and meet growing demand from industries and households.

IPP50 solar project enters new phase

The IPP50 solar project, initially awarded to the GreenYellow–Egnon Consulting consortium in July 2022 and later taken over by AXIAN Energy in 2024, has entered a new phase of development. AXIAN Energy announced on October 29 the signing of a financing agreement worth 30 million euros (approximately 33.6 million USD) with the International Finance Corporation (IFC) and Proparco.

Project plans to build four solar plants

The project plans to build four photovoltaic power plants in Natitingou, Djougou, Parakou, and Bohicon, with a combined capacity of 62 MWc, and an estimated annual production of 110 GWh. This is the first solar project in Bénin developed under independent electricity production, according to its promoters.

AXIAN Energy secures multiple financings

For AXIAN Energy, this financing continues a series of operations with development institutions. In April, the company secured 72 million euros in financing for its solar project with storage in Kolda, Senegal. More recently, in October, it obtained financing of up to 55.5 million euros from the Dutch bank FMO for the Kong power plant in Côte d'Ivoire.

Bénin signs agreement with Emirati company

In Bénin, this development follows two days after the signing of a protocol of agreement between the government and the Emirati company AMEA Power to develop a 100 MW solar plant with storage. The country is also strengthening its distribution infrastructure, notably through the PEDER+ program supported by several European institutions.

Bénin's energy goals by 2030

These investments support Bénin's energy ambitions, which aim for universal access to electricity and a 30% share of renewables in its electricity production by 2030, up from 16% in 2024. The construction of the announced power plants and the expansion of networks will be decisive in achieving these goals.