The African Development Bank (AfDB) has committed €26.5mn ($29.4mn) in financing for a 62 MW solar power plant in Togo, to be developed by French state-owned utility Électricité de France (EDF), the bank announced.

The funding includes a standard loan of up to €18.5mn ($20.8mn) and a €8mn ($9mn) concessional loan from the Sustainable Energy Fund for Africa. The investment is part of a broader €61mn ($68.5mn) financing package for the greenVeld solar project, which is expected to generate 87 GWh of electricity annually. An 11km transmission line will be built to connect the facility to Togo’s national grid.

EDF’s involvement highlights increasing interest from European energy companies in West Africa’s renewable energy sector. The project forms part of Togo’s national strategy to expand energy access and decrease dependence on fossil fuels.

"The Sokodé solar project is a landmark achievement that highlights Togo’s strong commitment to the transition to renewable energy in line with the Togo M300 energy compact under preparation, and the Bank’s long-standing commitment to supporting clean energy projects across the continent,” said Kevin Kariuki, Vice President for Power, Energy, Climate, and Green Growth at the African Development Bank.

The solar plant supports Togo’s objective of reaching 200 MW of installed renewable energy capacity by 2030. The International Renewable Energy Agency (IRENA) reported that the country’s installed solar capacity stood at 67 MW at the end of 2024.

The AfDB stated that the project will also receive co-financing from Proparco, the French development finance institution. The bank described the initiative as a “model of effective public-private collaboration.” aimed at accelerating renewable energy deployment across the continent.