BOAD's outlook for the next fifty years in the financing of renewable energies

1-Comprehensive presentation of the event:

1.1-Background

The main challenges the WAEMU energy sector is facing include: the constant deficit in power generation and transmission; high electricity prices; high dependence on hydrocarbon resources, which puts significant pressure on public finances and leaves countries highly exposed to volatility in oil prices and supply; negative environmental impacts and lack of adequate investment in clean energy.

Indeed, in the energy sector, the region has a low rate of access to electricity (41.63%, compared to 89.57% globally and 47.67% in sub-Saharan Africa) with disparities between urban areas (more electrified) and rural areas (with very low rates of access to electricity). Tariffs are the highest, at around XOF107/kWh compared to XOF32/kWh in South Africa or XOF72/kWh in Morocco, for example, with a negative impact on basic social services and the development of industries. Furthermore, despite significant solar potential (estimated irradiation between 1,680 and 2,118 kWh/m2/year for…