AMEA Power Launches First Solar Project in Ivory Coast

• AMEA Power launches its first Ivory Coast solar project, a 50-MW plant in Bondouku, set to power 358,000 homes and drive sustainable energy growth.

Dubai-based AMEA Power has commenced construction on a 50-MW solar photovoltaic plant in Bondouku, marking its inaugural project in Ivory Coast. The USD 60-million project is fully owned by AMEA Power through a local entity and is financed by development banks FMO and DEG. It includes a 25-year power purchase agreement with the Ivory Coast government, with Compagnie Ivoirienne d’Electricite as the off-taker.

The Bondouku solar farm is expected to generate 85 GWh of electricity annually, powering approximately 358,000 households. This will be AMEA Power's first operational asset in the country, with another 50-MW solar project in advanced development.

How will AMEA Power's Bondouku solar plant impact Ivory Coast's energy landscape?

• Diversification of Energy Sources: The Bondouku solar plant will contribute to diversifying Ivory Coast's energy mix, which is currently dominated by hydroelectric and thermal power. This diversification is crucial for enhancing energy security and reducing dependency on a single energy source.
• Reduction in Carbon Emissions: By generating 85 GWh of clean energy annually, the solar plant will help reduce the country's carbon footprint. This aligns with global efforts to combat climate change and supports Ivory Coast's commitment to sustainable development.
• Increased Energy Access: The electricity generated by the Bondouku solar plant will power approximately 358,000 households, significantly increasing access to electricity in rural and underserved areas. This can lead to improved quality of life and economic opportunities for local communities.
• Economic Growth and Job Creation: The construction and operation of the solar plant are expected to create jobs and stimulate economic growth in the region. This includes direct employment opportunities during the construction phase and ongoing roles in operations and maintenance.
• Attraction of Further Investments: Successful implementation of the Bondouku project could position Ivory Coast as an attractive destination for further renewable energy investments. This can lead to additional projects and partnerships, fostering a robust renewable energy sector in the country.
• Strengthening of Energy Infrastructure: The development of solar infrastructure will enhance the overall energy infrastructure in Ivory Coast, making it more resilient and capable of meeting future energy demands.
• Support for National Energy Goals: The project aligns with Ivory Coast's national energy goals, which include increasing the share of renewable energy in the national grid and achieving universal access to electricity by 2030.
• Technological Advancement and Capacity Building: The project will introduce advanced solar technology to the region, providing opportunities for knowledge transfer and capacity building among local engineers and technicians.
• Long-term Energy Cost Savings: Over the 25-year power purchase agreement, the solar plant is expected to provide a stable and potentially lower-cost energy source compared to fossil fuels, benefiting both the government and consumers.