AXIAN Energy, a leading pan-African renewable energy player and developer of high-impact projects, together with its partner SIKA Capital, announce the launch of a project to build four solar power plants in Benin.
This marks AXIAN Energy’s first operation in the country, representing a new milestone in its commitment to fostering an inclusive energy transition across Africa.
A transformational project for Benin’s energy future
The project consists of the construction of four solar power plants strategically located across the country (Bohicon, Parakou, Djougou, and Natitingou).
With a total capacity of 50 MWac, the plants will supply clean electricity to the equivalent of 50,000 households, directly contributing to Benin’s national objective of achieving 30% renewable energy in the energy mix by 2030.
Representing a total investment of €45 million, the project is backed by a robust alliance of public and private stakeholders committed to developing sustainable energy infrastructure in Africa.
Financing of €35 million will be provided by two leading development finance institutions, underscoring both the project’s solidity and its expected impact on the country’s economic and social development.
The initiative is carried out in close collaboration with Benin’s authorities and energy sector operators. SBPE (Société Béninoise de Production d’Electricité) and SBEE (Société Béninoise d’Énergie Électrique) will play a central role in integrating the electricity generated into the national grid.
The Ministry of Energy, Water and Mines and the Ministry of Economy and Finance are actively supporting the project, ensuring full alignment with Benin’s energy priorities.
Benjamin Memmi, CEO of AXIAN Energy, stated, “This project represents a decisive milestone for Benin and for our shared ambition: making renewable energy accessible to as many people as possible. Together with Sika Capital and the Beninese authorities, we will work to deliver this major project that will lay the foundations for a more inclusive and resilient energy future for the country.”
“After five years of preparation in close collaboration with Benin, local authorities, and the communities of Bohicon, Parakou, Djougou and Natitingou, we are proud to announce the first independent power producer based on renewable energy in Benin.
“This project demonstrates Benin’s attractiveness for infrastructure investment. We are delighted to partner with AXIAN Energy on this project to develop four solar plants that will supply electricity to more than 50,000 households while supporting Benin’s ambition to expand renewable energy production,” said Tchegnon Amoussou, Chairman of SIKA Capital.
