EAIF Invests $29M in Ivorian Solar

Key Figures & Findings: The Emerging Africa Infrastructure Fund (EAIF) has committed $29 million to PFO Energies for the development of the Sokhoro Solar Power Station in Côte d’Ivoire. This 52 MW photovoltaic project, led by PFO Africa—a subsidiary of the French conglomerate PFO Energies—aims to enhance the nation’s renewable energy capacity. The facility is set to become the country's largest grid-connected solar power station, reflecting EAIF’s strategy to support sustainable infrastructure projects across Africa.

Statistics & Insights: The Sokhoro Solar Power Station, with an estimated cost of €60.2 million, is expected to generate approximately 90 GWh annually, supplying electricity to over 370,000 customers. Construction is slated to commence in the first half of 2024, with completion anticipated by the second half of 2025.

Future Implications: Upon completion, this project could significantly bolster Côte d’Ivoire’s renewable energy portfolio, contributing to energy security and economic development. The success of this venture may also attract further investments in the region’s renewable energy sector, promoting sustainable growth.

Source: Stears