Jul 24 | 2023
Exploring Senegal's Energy Transition Opportunities: Insights from the Energy Minister at Green Energy Africa Summit 2023
H.E. Aissatou Sophie Gladima, Minister of Petroleum & Energy of Senegal, will be speaking at Green Energy Africa Summit 2023, from October 10-11 at CTICC 2 in Cape Town. Her participation comes at a historic time for the country who signed in June 2023 a Just Energy Transition Partnership with the European Union and the International Partners Group.
Senegal’s electricity mix has been long dominated by diesel and heavy fuel oil (HFO), whose burning comes at a huge cost for the economy and the environment. To diversify and strengthen its energy mix, the country has attracted private sector investment into solar and wind plants while developing a strategy to switch its thermal power plants to natural gas.
Thanks to an attractive policy framework and successful engagement with private investors, Senegal now has West Africa’s biggest installed solar and wind power generation capacity.
As part of its Low-Cost Electricity Plan, the country wants to further deploy renewable energies in its energy mix and attract additional financial and technical partners. The Just Energy Transition Partnership announced in June will already mobilise €2.5bn over an initial period of up to five years, starting in 2023.
Meanwhile, investment opportunities also exist across Senegal’s nascent gas value-chain. In order to supply domestic gas to thermal power plants and cut emissions from power turbines, the country needs to develop a domestic gas pipeline network that will help meet increasing demand from power and industry.
Senegal’s electricity mix has been long dominated by diesel and heavy fuel oil (HFO), whose burning comes at a huge cost for the economy and the environment. To diversify and strengthen its energy mix, the country has attracted private sector investment into solar and wind plants while developing a strategy to switch its thermal power plants to natural gas.
Thanks to an attractive policy framework and successful engagement with private investors, Senegal now has West Africa’s biggest installed solar and wind power generation capacity.
As part of its Low-Cost Electricity Plan, the country wants to further deploy renewable energies in its energy mix and attract additional financial and technical partners. The Just Energy Transition Partnership announced in June will already mobilise €2.5bn over an initial period of up to five years, starting in 2023.
Meanwhile, investment opportunities also exist across Senegal’s nascent gas value-chain. In order to supply domestic gas to thermal power plants and cut emissions from power turbines, the country needs to develop a domestic gas pipeline network that will help meet increasing demand from power and industry.
