Benin: €30 million secured for four solar power plants

AXIAN, Benin’s Deposits and Consignments Fund, IFC and Proparco signed €30 million in financing agreements for the IPP50 solar project, announced in Cotonou on October 29, 2026. With a total cost of €45 million, the project will build four plants in Natitingou, Djougou, Parakou and Bohicon, with combined capacity of 62 MWp and estimated annual output of 110 GWh. Commercial operations are scheduled to begin in the first quarter of 2028; the plants are expected to supply electricity to about 383,000 people and prevent nearly 62,000 tonnes of CO₂ emissions each year. Benin’s first independent solar power generation project will sell electricity to SBPE under long-term purchase agreements and operate under a 20-year concession.