-
Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX | Alchemy, a Decentralized Gold-Backed Financial Ecosystem for Valued at US$155 Million
-
Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics
-
Clashes between French teens, police as school blockades intensify
-
Spain to cap gas price hikes, extend fuel discounts
-
Stocks move sideways despite oil moving lower
-
'We just need rain': Germany's Rhine river hits new low
-
African leaders to gather in Egypt for business summit
-
Yemen health system at 'breaking point': WHO
-
UK decides against charging foreign visitors for museums
-
Ireland undecided on second Israel match: coach
-
Dallaglio to sell England World Cup winners' medal
-
France's Le Pen defiant after top ally hit by antisemitism claims
-
Brazil come from behind to beat Australia 4-2 in friendly
-
Tom Cruise trades stunts for satire as toxic tycoon 'Digger'
-
Ruthless An retains Asian Games badminton crown as Kunlavut triumphs
-
MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus
-
Alonso to stay with F1 team Aston Martin in 2027
-
Thai capital cleans up after deadly floods
-
China badminton 'still strong' despite Asian Games slump
-
NATO, EU allies rally to Estonia after 'sabotage' blamed on Russia
-
'Exceptional' Turner painting shown in Rome before sale
-
Families demand justice for Cameroon's 'nightmare' wave of murdered women
-
European stocks climb as oil dips
-
Tebas says Man City should face 'most severe' sanctions if guilty of rule breaches
-
Spain aims to ban evictions until 2030 amid housing protests
-
Pochettino calls Man City success 'a period of deception'
-
Kunlavut first Thai man to win Asian Games badminton singles gold
-
Settler attack on West Bank village injures Israeli forces, drawing rare rebuke
-
French far right says antisemitism claims part of 'total war' to derail presidency bid
-
Mystery over UK airbase scare after reports no explosives found
-
'Gift from God': Rain brings relief from Indonesia toxic haze
-
Spanish govt races to adopt housing law under protest pressure
-
Ex-world snooker champion jailed for 7 years for child sex crimes
-
Estonia slams Russian 'sabotage' after arson attack on defence company
-
French teens clash with police as school blockades intensify
-
Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'
-
FIFA accuses UEFA of 'misinformation campaign' in bid for World Cup papers
-
'Like a dream' for An as Games organisers 'sorry' for latest mix-up
-
Myanmar airstrike toll hits 50 as families gather dead
-
Tokyo suffers longest streak of rainy days on record
-
STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate
-
Indonesia charges train driver over crash that killed 16 women
-
North Korean DMZ landmine blasts 'violation of armistice': Seoul
-
الإمارات تعرض في الأمم المتحدة نهجها لخفض التصعيد وبناء الجسور
-
مصر تستهدف زيادة حصة الصادرات السلعية إلى 30% من الناتج المحلي
-
أربع شركات دولية تعرض خططها للتوسع والاستثمار في السوق المصرية
-
العربي الأفريقي الدولي يوسع برامج إعداد القيادات المصرفية
-
مباحثات لجذب مستثمرين صينيين إلى مشروعات صناعية في مصر
-
مجموعة الغندور ترصد 3 مليارات جنيه لتوسعات جديدة حتى 2030
-
شركتان تستهدفان 500 مليون جنيه من عقود التمويل العقاري التشاركي
Ivory Coast bets on solar in clean energy drive
The sun beats down from a cloudless sky on the town of Boundiali, where Ivory Coast's first solar power plant embodies the drive to embrace clean energy without abandoning fossil fuels.
Unlike the wetter, cloudier south, the climate in northern Ivory Coast bordering Burkina Faso and Mali is hot and dry for around eight months of the year.
"Irradiance is very high" in the region, plant engineer Franck Alain Yayo told AFP, referring to the intensity of the Sun's energy.
The Boundiali plant, which opened in June 2023, aims to improve the electricity supply to more than 430,000 households, the energy ministry said.
Although Ivory Coast has about 10 smaller solar power plants serving villages at a local level, Boundiali is the first on the national grid.
The country, which already exports about 10 percent of its electricity to neighbours, aims to generate nearly half of its energy from renewable sources by 2030.
The International Energy Agency (IEA) estimates that half the population of sub-Saharan Africa has no access to electricity.
And yet, it added in a recent report: "Africa is home to 60 percent of the best solar resources globally, yet only one percent of installed solar PV (photovoltaic) capacity."
While the continent has doubled its capacity to produce clean energy in the last 10 years, African renewables still account for just two percent of global capacity.
- Call for private funding -
The northern Ivorian town has some 68,000 solar panels bought from China laid out in rows across 36 hectares (89 acres).
The panels convert sunlight, not heat, into electricity.
By the end of next year, the aim is to have twice as many panels to reach a production capacity of 80 MWp (Megawatt peak, a measure of the maximum potential output).
That would save some 60,000 tonnes of CO2 equivalent per year, say the authorities.
The 75.6-million-euro ($82.1-million) cost of building the solar power station was financed by Ivory Coast, a German loan and a European Union grant.
"This is the result of the EU's long-standing commitment to the renewable energy sector, with almost 140 million euros since 2017," EU ambassador to Ivory Coast Francesca Di Mauro told AFP.
However, international public funding to support sub-Saharan Africa's transition towards clean energy will not be enough.
Last year, the IEA called for private investment to be stepped up to account for 60 percent of financing.
Solar power is currently a small part of the Ivorian energy mix -- the Boundiali plant contributes just one percent of national production.
Nearly 70 percent of the country's electricity comes from gas-fired thermal power plants, while hydroelectric power stations account for the rest, all located in the south.
By 2030, Ivory Coast has pledged to increase its share of renewable energy to 45 percent, including nine percent solar, and to reduce its greenhouse gas emissions by 30 percent.
Fossil fuels however still play a key role.
- New oil, gas discoveries -
The West African nation recently discovered two huge oil and natural gas deposits.
One of them, the Calao field, "will eventually meet the country's electricity production needs", said Energy Minister Sangafowa Coulibaly.
It may also help reduce electricity bills, which would be a welcome relief to householders after prices rose by 10 percent in January.
"Every day the sun shines on our heads" the cost of production is "very low", plant engineer Yayo said.
Yayo, who learned his skills in Burkina Faso, regretted that his country had neither the technology nor the expertise to train people.
Ivory Coast's state-run company CI-Energies, which handles Boundiali plant's infrastructure, temporarily subcontracts to French civil engineering firm Eiffage.
It is Eiffage which is training many of the employees, most of them local people.
In this region of around 92,000 people, some 350 have been hired since construction of the plant began.
Most were taken on with short-term contracts to install solar panels or carry out maintenance.
Among them was Oumar Konate, who previously worked in farming as well as doing odd jobs in town.
Employment in the rural area was hard to come by, he said. "I prefer to work here. The pay is better. I can feed my family."
K.Hassan--SF-PST