The development of Senegal’s energy sector is at the heart of the country’s strategy for sustainable and economic development and aspiration to become an emerging economy by 2035 under the Plan Sénégal Émergent (PSE). The stability of the country’s institutions has enabled the energy sector to attract FDI for its development, although more would be needed to meet Senegal’s ambitions. In order to achieve universal access to modern energy, to spur industrialisation and consolidate a low-carbon, resilient and sustainable energy system, Senegal has recently joined the ranks of countries (South Africa, Indonesia, Viet Nam) having entered a Just Energy Transition Partnership (JETP).
Senegal is a strong supporter of the COP, with a focus mostly on developing clean power, reducing methane emissions, enabling climate resilience and just and implementing equitable energy transitions, notably for developing economies. In recent years, renewable energy has overtaken coal, with wind and solar power accounting for 21% of generation in 2022. Senegal already has 0.4 GW of total renewable energy installed capacity and has recently pledged to increase the share to 40% by 2030 within the framework of the JETP, whose funding to be mobilised can be a key enabler for Senegal to also meet its conditional targets under the NDC.
Access the complete report here
