The African Development Bank Group (AfDB) has approved a €26.5 million financing package for a 62 MWp solar plant in Sokodé, Togo, with Proparco—the French development finance agency supporting private sector growth in emerging markets—providing additional co-financing for the €61 million project.
The solar project in the West African country was developed by French companies Meridiam and power utility company Électricité de France. The project will involve the design, construction, and operating of the solar power plant, as well as an 11 km transmission line.
AfDB’s tranche will include an €18.5 million loan from the Bank itself, supplemented by an €8 million concessional loan from the Sustainable Energy Fund for Africa (SEFA), which it manages.
This blended financing structure according to AfDB and Proparco underscores the strategic partnership between the two institutions to accelerate Togo’s renewable energy transition and expand access to clean, reliable power.
Improving energy security in Togo
The solar project will play a key role in helping Togo meet its target of 200 MWp in renewable energy capacity by 2030. The solar project will be instrumental in the West African country’s energy transition away from costly and polluting thermal generation, whilst also enhancing energy security and reliability.
“The Sokodé solar project is a landmark achievement that highlights Togo’s strong commitment to the transition to renewable energy in line with the Togo M300 energy compact under preparation, and the Bank’s long-standing commitment to supporting clean energy projects across the continent,” said Kevin Kariuki, Vice President for Power, Energy, Climate, and Green Growth at the African Development Bank.
Kariuki highlighted that the project not only supports Togo’s efforts to improve access to energy through renewables but also stimulates local economic growth and enhances the country’s energy security and reliability.
Once operational, the 62 MWp solar plant in Sokodé, Togo, is expected to generate 87 gigawatt-hours of electricity annually, providing clean, reliable, and affordable power to communities while addressing energy shortages. The project will also cut annual CO₂ emissions by approximately 13,600 metric tons, supporting Togo’s climate goals under the Paris Agreement.
