NEWS

Senegal has taken a decisive step in its energy transition with the official launch of its Investment Plan for a Just Energy Transition (JETP). Adopted under the Just Energy Transition Partnership, signed in June 2023 with the International Partners Group (IPG)—comprising France, Germany, the United Kingdom, Canada, and the European Union—the plan was developed by the government to support the decarbonization of the energy sector while promoting inclusive growth.

It forms part of Senegal’s National Development Strategy 2025–2029 and the National Energy Pact under Mission 300. Its preparation was financed by the African Development Bank (AfDB) through the Sustainable Energy Fund for Africa (SEFA), under the African Energy Transition Catalyst (AETC) Program.

The central objective is to transform the country’s energy mix by increasing the share of renewable energy to 40% of installed capacity by 2030, while ensuring universal access to electricity for all Senegalese households. The plan outlines a series of priority investments in solar energy, energy storage, power grids, and rural electrification, with a special focus on reducing electricity costs and enhancing the financial sustainability of the sector.

Eight strategic pillars form the backbone of this roadmap, ranging from the development of renewable energy and clean cooking to the promotion of green mobility and emerging industries such as green hydrogen. These pillars also include energy-efficiency measures and programs advancing the energy–water–agriculture nexus. Eight “Quick Win” projects have been selected for rapid implementation, including three 100 MW solar photovoltaic plants and a large-scale rural electrification program.

Total financing needs are estimated at around €9 billion for the period 2025–2030, with the IPG providing the first tranche of €2.5 billion in grants and concessional loans. The remaining funds will be mobilized through multilateral lenders, the private sector, and innovative instruments such as green bonds and climate funds.

Beyond the energy dimension, the plan places strong emphasis on social and economic justice. It aims to create skilled jobs, strengthen local content, and encourage the active participation of women and youth. By combining sustainability and equity, Senegal’s energy transition stands as a major lever of economic transformation and a model for West Africa.