Côte d’Ivoire: German Development Bank to help boost investment in renewable energy sector

renewable energy sector
As part of the reform partnership between the Ivorian and German governments, the Kreditanstalt für Wiederaufbau (KfW), the German Development Bank, recently signed an agreement to provide approximately €6 million. These funds will be used to increase Côte d’Ivoire’s share in the capital of the African Trade Insurance Agency (ACA), which will not only attract more investment to the country, but will also contribute to the achievement of the Ivorian government’s climate protection objectives », according to Abdourahmane Cissé, the Ivorian Minister of Energy. The country, which wants to double national electricity production by 2030, is indeed planning to increase the share of renewable energies in its energy mix. To this end, several projects are being developed, such as the photovoltaic solar power plant in Boundiali, and the biomass power plants in Ayebo and Divo.