News Industry

AXIAN Begins Construction of 60 MW Solar and Storage Plant in Senegal

AXIAN Begins Construction of 60 MW Solar and Storage Plant in Senegal
Friday, 23 May 2025 16:05

• €105M NEA Kolda project includes 60 MW solar capacity and 72 MWh storage
• Backed by €84M in loans from EAAIF, FMO, and DEG
• Supports Senegal’s target of 40% renewable energy capacity by 2030

AXIAN Energy has launched construction of one of West Africa’s largest solar power plants with battery storage, supporting Senegal’s target of 40% installed renewable energy capacity by 2030.

On May 22, AXIAN Energy announced the start of work on the NEA Kolda solar project, located in the Kolda region of southern Senegal. The plant will feature 60 MW of photovoltaic capacity combined with a 72 MWh battery energy storage system (BESS).

Designed as a high-impact energy project, NEA Kolda is expected to supply clean electricity to over 25,000 households—equivalent to around 235,000 people. AXIAN Energy has positioned the plant as part of its inclusive energy transition strategy, prioritizing benefits for local communities.

The project is financed with over €105 million in total funding, including an €84 million loan package from the Emerging Africa Infrastructure Fund (EAAIF), the Dutch development bank FMO, and Germany’s DEG. AXIAN first presented the plant in November 2024 as the largest solar complex with storage in West Africa.

The engineering, procurement, and construction (EPC) contract was awarded in April 2025 to Voltalia and Entech Smart Energies.

NEA Kolda will support Senegal’s broader energy strategy, which includes achieving 100% electrification, up from the current national rate of 84%.

On the same topic
Sasol opens Temane gas-processing plant to supply 450-MW power station Facility integrates extraction and delivery to boost Mozambique’s electricity...
Exxaro buys majority stakes in 138-MW wind and 75-MW solar plants Acquisitions lift Cennergi’s capacity to 317 MW, supporting mining power needs...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in forex while aiming for $15M in regional cement...
Niger accuses Orano of storing 400 barrels of radioactive material near Arlit Orano denies any activity at the site and rejects responsibility for...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
04

The government will apply a 15% tax on all payments to foreign digital platforms starting Jan. 1...

Zimbabwe to Impose 15% Tax on Foreign Digital Services From 2026
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
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.