IPP Co-Investment in Ci-Energies 100 MW Solar-Plus-Storage PPA Projects (Dabakala / Niakaramandougou)

What we checked

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• 3 source reports read and listed below.
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What is driving it

• Government target of 45% renewable electricity share by 2030 versus only 40 MW installed solar at end-2024
• 25-year PPAs eliminate merchant price risk for investors and project sponsors
• Strong IFC/AfDB co-financing appetite: IFC holds $761M active Côte d'Ivoire portfolio with 23.5% in infrastructure

What could go wrong

• Grid interconnection delays and land-tenure complications in the northeast and central regions targeted by the tenders
• Currency risk on EUR-denominated capex against CFA franc-denominated revenues, despite the euro peg

Full analysis

Côte d'Ivoire continues to be West Africa's most dynamic investment destination in mid-2025. GDP growth reached 6.5% in 2024 and is forecast at 5.5–6% through 2027, well above regional peers. CEPICI reported a 9.6% rise in approved private investment to $1.45 billion in 2025, led by agriculture, telecoms, and SME processing. State utility Ci-Energies launched two landmark 100 MW solar-plus-storage tenders in June 2025, each backed by 25-year PPAs, as the country targets 45% renewables by 2030. On the agro-industrial front, the government is aggressively pursuing its goal of processing 70–80% of cocoa beans domestically by 2030, evidenced by the inauguration of the Transcao PK24 50,000-ton facility. A February 2025 bill regulating industrial zones and an incoming 2025–2030 National Development Plan targeting 72% private-sector financing reinforce the pro-investment policy momentum. Fitch upgraded Côte d'Ivoire to BB (stable) and the CFA franc's euro peg provides currency stability. Risks include political succession uncertainty after President Ouattara's 2025 re-election, Sahel security spillovers in the north, and judicial opacity for foreign investors.

In June 2025, Ci-Energies launched live tenders for two 100 MW solar parks with 33 MWh storage each, both backed by 25-year power purchase agreements — the longest-tenor energy offtake ever offered in Côte d'Ivoire. The government's 2025–2030 National Development Plan earmarks renewables expansion as a top priority, and the $1.3 billion IMF Resilience and Sustainability Facility is co-financing the green energy transition.

Market drivers:

• Government target of 45% renewable electricity share by 2030 versus only 40 MW installed solar at end-2024
• 25-year PPAs eliminate merchant price risk for investors and project sponsors
• Strong IFC/AfDB co-financing appetite: IFC holds $761M active Côte d'Ivoire portfolio with 23.5% in infrastructure

Risks:

• Grid interconnection delays and land-tenure complications in the northeast and central regions targeted by the tenders
• Currency risk on EUR-denominated capex against CFA franc-denominated revenues, despite the euro peg

Sources

What the analysis was built on. Some rows hold a headline, some hold the address of the report; both are printed as filed. We do not host the originals.

• www.pv-magazine.com/2025/06/05/ivory-coast-launches-tenders-for-200-mw-66-mwh-of-solar-plus-storage/
• ci.usembassy.gov/2025-investment-climate-statements-cote-divoire/
• www.worldbank.org/ext/en/country/cotedivoire

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