EU, Germany to fund Ivory Coast solar power station

2018-10-03 21:22

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

German and EU cash will be used to finance the first solar power station in Ivory Coast, Germany's embassy in Abidjan said on Wednesday, as the West African country attempts to boost its use of renewable energy.

The plant in the northern city of Boundiali will receive $31m in funding from the KfW public investment bank and $11.1m from the European Union, the embassy said in a statement.

Ivory Coast is west Africa's leader in electricity production - 75% of which comes from thermal energy and the remainder from hydroelectric dams. But authorities want renewables to make up an 11% share of national consumption by 2020.

That target might be ambitious, as the country has so far burned through barely one single megawatt of solar energy in 2018, according to the Ivorian Association of Renewable Energies.

The proposed solar power station would have a power of 37.5 MWp (megawatt-peak, the maximum electrical power).

The announcement comes weeks before Ivorian President Alassane Ouattara visits Germany on October 30 for the G20 Investment Summit.

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

FOLLOW News24 Africa on Twitter and Facebook

Read more on:    eu  |  ivory coast  |  west africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.