Infinity Power wins bid for 80MW solar projects in Côte d’Ivoire

Renewable energy developer Infinity Power and the Government of Côte d'Ivoire have inked two concession agreements for solar PV projects with a total capacity of 80MW.

The projects, which form part of the World Bank’s Scaling Solar Programme, aim to advance the energy transition within Côte d'Ivoire and increase access to reliable power.

The projects will be located in Touba and Laboa where 17km of power transmission lines are currently being constructed. This will allow the solar power to be integrated into the national grid.

Once operational, these plants will provide electricity to over 400,000 Ivoirian consumers, and will enable the avoidance of more than 60,000 tonnes of carbon dioxide a year.

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The projects mark Infinity Power's first collaboration in Côte d'Ivoire and result from the company winning the competitive tender process overseen by Cote d’Ivoire’s Directorate General for Energy and CI Energies.

Infinity Power will supply the 80MW of solar power at EUR 0.03310 per kWh for the Laboa site and EUR 0.03213 per kWh for the site in Touba. According to the International Finance Corporation, this sets a new record for the lowest solar independent power producer tariffs in West and Central Africa.

The International Finance Corporation (IFC) acted as a key advisor and consultant to the government throughout the process.

H.E. Mamadou Sangafowa-Coulibaly, minister of Mines, Petroleum and Energy of Côte d'Ivoire, commented: "These projects have three key objectives: to increase our production capacity, to strengthen our energy resilience, and to create local job and investment opportunities. These projects represent a significant step towards meeting our climate commitments by 2030."

Nayer Fouad, co-founder and CEO of Infinity Power, added: “We have shown that renewable energy can be cost-effective, reliable, and impactful at scale. These projects represent a new chapter for Côte d'Ivoire’s energy sector and we are committed to ensuring their success. With the invaluable support of the Government of Côte d'Ivoire, CI Energies, and the IFC, we are ready to deliver projects that will transform lives.”

Infinity Power is a joint venture between Infinity (Egypt) and Masdar (United Arab Emirates).