The two companies have announced the launch of a project to construct four solar power plants with a combined capacity of 50 megawatts (MWac).

Once operational, the plants are expected to supply electricity to around 50,000 households, helping the country advance its goal of securing 30 percent of its energy mix from renewable sources by 2030.

The plants will be built in Bohicon, Parakou, Djougou and Natitingou, with two sites generating 15 MWac each and the other two producing 10 MWac.

These projects mark the first time Benin will host fully private solar independent power producers.

The electricity generated will be sold to the national grid under 20-year power purchase agreements, creating a long-term pathway for a cleaner and more stable energy supply.

The total investment is estimated at €45 million, with €35 million provided through development finance institutions.

The International Finance Corporation, part of the World Bank Group, has committed up to €16.8 million to support the project, channelled into two companies set up to manage the construction and operation of the plants.

Axian Energy Green, a subsidiary of Axian Energy, will control 80 percent of the ownership, while Sika Capital Bénin will hold the remaining 20 percent.

For the partners behind the project, this initiative is not only about building infrastructure but also about laying the groundwork for a more resilient energy system.

Benjamin Memmi, the chief executive of Axian Energy, described it as an important milestone that will make renewable energy accessible to a broader share of the population.

Tchegnon Amoussou, chairman of Sika Capital, highlighted the five years of preparation carried out in close collaboration with the government and local communities, noting that the project demonstrates Benin’s growing appeal for infrastructure investment.

The need for renewable energy expansion in Benin is clear. At present, only about 16 percent of the country’s power comes from renewable sources, and the overall electrification rate stands at roughly 42 percent, with rural areas especially underserved.

By adding 50 MW of solar generation capacity, the project will help address electricity shortages while contributing to climate goals and reducing reliance on imported energy.

The four solar plants form part of a wider effort to accelerate Benin’s energy transition.

In 2022, the first phase of the Illoulofin solar power station near Pobè came online with 25 MW of capacity, with work ongoing to complete a second phase of the same size.