An international consortium has reached financial closure for a 52 MWp solar photovoltaic project in Côte d’Ivoire, marking an important step in West Africa’s clean energy journey. The project is located in the Ferkessédougou region and reflects strong cooperation between the national government and global development partners committed to sustainable power expansion.

The project is being led by PNE AG in partnership with local stakeholders through a specially formed project company. Achieving financial closure means that all required funding has been secured, allowing the project to move ahead into the construction phase. The investment is backed by a combination of equity and debt from international financial institutions that focus on supporting infrastructure in emerging markets.

Once completed, the solar plant will play a key role in strengthening the country’s electricity supply. Côte d’Ivoire has set a target to increase the share of renewable energy in its power mix to 45% by 2030. This solar project is expected to support that goal by reducing dependence on conventional thermal power generation and cutting carbon emissions. With a planned capacity of 52 MWp, the facility will generate clean electricity that can serve thousands of homes while also supporting industrial activities.

The project is also expected to bring economic benefits to the local region. During construction, it will create employment opportunities for people living in the Savannah District. In addition to job creation, the initiative includes plans for technical training and knowledge transfer. This will help local workers develop skills in operating and maintaining solar power systems, contributing to long-term capacity building in the renewable energy sector.

The successful closure of financing highlights growing confidence among investors in Côte d’Ivoire’s energy market and regulatory environment. It shows that large-scale renewable projects in the country are becoming more attractive and feasible. With funding now secured, developers are preparing to begin construction work soon, with the aim of connecting the plant to the national grid in the near future.

As one of the country’s major solar developments, the Ferkessédougou project sets an example for future renewable energy initiatives. It demonstrates how collaboration between governments, private developers, and financial institutions can accelerate clean energy deployment while supporting economic growth and sustainability goals across the region.