Green Bond Solar Projects

Africa Finance Corporation has closed a 43 million euro green bond to finance a 66 megawatt solar photovoltaic project in Côte d’Ivoire. According to the announcement, the bond was issued under the corporation’s Green Finance Framework and is intended to support the development, construction and operation of the Boundiali Solar PV plant. The project forms part of Côte d’Ivoire’s efforts to diversify its energy mix and increase the share of renewable generation in line with national climate and energy objectives. The financing structure is designed to attract additional private capital into the country’s renewable energy sector by demonstrating the viability of green infrastructure investments.

The Boundiali project is expected to contribute to grid stability and reduce reliance on thermal generation once operational. Africa Finance Corporation noted that the initiative aligns with its broader mandate to support sustainable infrastructure across the continent, particularly in markets seeking to expand clean energy capacity. The corporation highlighted that the green bond proceeds will facilitate timely project delivery and help advance regional energy transition goals. The investment is positioned to support long term economic development by increasing access to reliable and low carbon electricity in Côte d’Ivoire.

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