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Renewable Energy Projects to Watch Ahead of Paris Energy Forum

Paris: African energy markets are advancing a diversified pipeline of renewable energy projects that reflect a broader shift from fragmented national planning toward integrated, investment-ready power systems. At the Invest in African Energy (IAE) Forum in Paris on April 22-23, countries including Senegal, the DRC, Djibouti, Zambia, and Guinea-Conakry are expected to showcase opportunities spanning solar, wind, geothermal, and hydropower, each offering distinct entry points for developers, financiers, and institutional investors. According to African Press Organization, Senegal continues to position itself as one of West Africa's most structured renewable energy markets, supported by its Just Energy Transition Partnership, which has mobilized up to £2.5 billion toward a 40% renewable electricity target by 2030. Within this framework, projects such as the NEA Kolda solar-plus-storage facility-developed by Axian Energy, Voltalia, and Entech-combine 60 MWp of solar with 72 MWh of storage, highlighting the count ry's shift toward hybrid, dispatchable renewables. The project is part of a broader push to strengthen grid reliability while scaling renewable penetration. Longer-term upside is anchored in Senegal's estimated 45 GW offshore wind potential, positioning the country for future utility-scale offshore development once transmission and regulatory frameworks mature. The DRC represents one of Africa's largest untapped energy access markets, with a structural deficit that continues to constrain industrial and household demand. New investment frameworks are emerging to address this gap at scale. The Moyi Power Metro-Grids initiative, led by Gridworks and Eranove, targets $340 million in investment to deploy distributed solar systems across cities including Bumba, Isiro, and Gemena. Alongside this, the government-backed Mwinda Fund is mobilizing $500 million for solar home systems, mini-grids, and clean cooking solutions, creating structured entry points for private participation through public tender processes. At a larger scale, Sun Africa's proposed 4,000 MW Energy for Prosperity program signals long-term ambitions to integrate solar, hydropower, and storage into a national electrification strategy. Djibouti has already achieved one of Africa's highest renewable penetration rates, with roughly 80% of electricity supplied by renewables, primarily wind and imported hydropower. The next phase of growth is centered on scaling domestic generation capacity and industrial power supply. AMEA Power's 25 MW Grand Bara solar-plus-storage project is nearing commissioning, while a planned 100 MW solar development at the Doraleh Port highlights the country's focus on industrial-linked renewable infrastructure. The most significant long-term opportunity lies in geothermal energy. Early exploration at Lake Assal has confirmed viable steam resources, with development potential estimated at 20-50 MW initially. Zambia's energy system has been severely impacted by climate-related hydropower volatility, with recent droughts cutting gener ation capacity from 3,777 MW to just over 1,000 MW. This has accelerated an urgent pivot toward solar deployment. The government has fast-tracked approvals for new solar projects, including a presidential directive reducing permitting timelines to as little as 48 hours for priority projects. The GETFiT program has already delivered 332 MW across multiple signed PPAs, while projects such as the 100 MW Chirundu Solar Plant and the 118 MW Goldenray Energy development are expanding the pipeline toward utility-scale capacity. Guinea-Conakry's renewable strategy is anchored in its vast hydropower potential, particularly the 294 MW Koukoutamba project, developed under the Senegal River Basin Development Authority. With multi-country offtake potential across Guinea, Senegal, Mali, and The Gambia, the project represents a rare regional infrastructure asset with embedded cross-border demand. In parallel, the government has committed to 500 MW of solar development, supported by a newly launched National Energy Pact und er the World Bank and African Development Bank's Mission 300 initiative. Financing for interconnection infrastructure, including the Guinea-Mali transmission line, further enhances the investment case by linking domestic generation to regional power markets.