Senegal: Solar Investment Opportunities

In March 2018, SolarPower Europe launched the Emerging Markets Task Force to identify business and cooperation opportunities and thereby contribute to the energy transition in emerging markets outside Europe. Since then, the Task Force has become an active working group of nearly 100 experts from almost 50 companies, working on a suite of market reports and investigating available financing instruments for solar project development in emerging markets. The Task Force has operated through a series of physical and virtual meetings, visits in the selected markets and conferences. We have also engaged in productive discussions with other relevant initiatives such as the Africa-EU Renewable Energy Cooperation Programme (RECP), GET.invest and the IRENA Coalition for Action’s Business and Investors Group. After a year of intense work, we were proud to present the Task Force’s first report on Mozambique at the SolarPower Summit in March 2019.

This report has been prepared by Finergreen with the valuable support of the SolarPower Europe Emerging Markets Task Force. It aims at analysing Senegal’s potential for the development of solar energy. Our study details the country’s business environment as well as demographic and macroeconomic trends. Credit risk and political risk that might hamper investments are also analysed. The report provides information on the energy sector in Senegal, detailing its main actors and the regulatory framework. With massive solar irradiation all over the country and a growing electricity demand, Senegal has a huge potential for the development of solar energy. The country’s economic and political stability over the past few years makes Senegal an attractive country for solar investors.

With the support and excellent contribution of our Task Force members, we have already published reports on Mozambique, Myanmar and Ivory Coast, and will soon publish additional reports on India, Morocco, and Tunisia. If you want to be part of this initiative and discover new business opportunities, join SolarPower Europe’s Emerging Markets Task Force.

Question about the report?

Contact Máté Heisz, Senior Advisor and Project Manager for International Cooperation

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