Côte d'Ivoire Strengthens Renewable Energy with US$15.79 Million EU Deal

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Researched by Industrial Info Resources (Sugar Land, Texas)--Côte d'Ivoire has secured US$15.79 million from the European Union (EU) to advance its Green Energy Production Support Project (PAPEV). Signed on November 27, 2024, this initiative focuses on diversifying the nation's energy portfolio, which currently relies on thermal power plants for 75.82% of its electricity, with hydropower contributing 23.98%.

The project aims to develop solar, wind and biomass energy while enhancing electricity access in rural areas. As part of a broader 112 million-euro (US$118 million) EU package targeting inclusive and sustainable growth, this funding aligns with Côte d'Ivoire's target of achieving 45% renewable energy in its electricity mix by 2030.

Industrial info is tracking 63 renewable energy projects worth US$3.96 billion in Côte d'Ivoire. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).