News Agriculture

Senegal Officializes $300 Million Deal to Power Farms with Solar Energy

Senegal Officializes $300 Million Deal to Power Farms with Solar Energy
Wednesday, 10 September 2025 14:54

• Senegal approves $300M deal to solarize and modernize agriculture
• Six-year BOT model includes energy transfer to local producers
• Supports national food sovereignty plan, 90,000 job target

Senegal's Ministry of Agriculture and Food Sovereignty endorsed a $300 million framework partnership agreement with The Cornerstone Group – Hajib Al Shams Joint Venture on Tuesday. Signed on the sidelines of the African Food Systems Forum, the six-year deal aims to modernize the country's agricultural sector through the use of renewable energy.

The investment will be deployed under a Build-Operate-Transfer (BOT) model. "At the end of this period, the energy infrastructure will be transferred to Senegalese producers and the private sector, thus guaranteeing local empowerment and long-term sustainability," said Senegal's Minister of Agriculture, Mabouba Diagne, on his X account.

The agreement also includes provisions for solarizing farms, livestock units, aquaculture sites, and analytical laboratories, as well as promoting bioenergy solutions. It further provides for monetizing carbon credits to benefit an agricultural fund, financing insurance, and fostering international cooperation in research and innovation.

This financial partnership comes as the Senegalese government plans to mobilize $2.5 billion under its food sovereignty policy to support agricultural production over the next five years. The country aims to create 90,000 jobs for young people and women in the agricultural and pastoral value chains and to deploy 525 integrated agroecological farms of 200 hectares each.

More broadly, the deal is expected to help implement the country's national plan for adapting agriculture to climate change, which was approved on April 3, 2025. The government has also committed to increasing agricultural irrigation to reduce its vulnerability to drought.

While the use of renewable energy in Senegal's agricultural sector remains limited, the government is increasing initiatives to modernize and boost the sector. Its National Food Sovereignty Strategy (SNSA) aims to increase productivity and production in these priority sectors to raise farmers' incomes and reduce the country's dependence on food imports.

Lydie Mobio

On the same topic
Liberia signed an agreement for a 50-hectare pilot rice farm in Bong County The project supports technology transfer and aims to raise local rice...
Frigoglass to sell Nigerian packaging unit to Helios for nearly €100M Deal includes Beta Glass, marks Frigoglass’s exit from Nigeria by 2026 ...
U.S.-Nigeria agricultural trade projected to exceed $700M in 2025 U.S. wheat shipment of 50,000 tons offloaded at Lagos port Nigeria’s imports...
PR-PICA forecasts Mali’s 2025/26 seed-cotton output at 433,700 tons, down 34% year-on-year. Benin’s harvest is expected to reach 632,000 tons,...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...

Benin Government Says Attempted Coup Against President Talon Has Been Foiled
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.