The total population of Senegal is about 16 million, and the economic growth rate has maintained a high growth rate of 6-7% in recent years. However, the recent impact of the new coronary pneumonia epidemic has caused the country’s economy to face the risk of recession. It is generally expected that Senegal’s economic growth will be this year. The rate may fall to about 3%. International credit rating agencies Moody’s and Standard & Poor’s have given Senegal Ba3 and B+ credit ratings, and the economic outlook has been rated as stable.
The climate of Senegal belongs to the savannah climate. The whole year is only divided into the dry season and the rainy season. The dry season is mostly from November to April, and the rainy season is from May to October. The annual rainfall is about 700-1000 mm. The average temperature is around 27 degrees Celsius.
Geographically, Senegal is bordered by the Atlantic Ocean in the west, Mauritania in the north, and Gambia in the southwest and bordered by Guinea-Bissau. The topography is dominated by plains, and the southeastern region has highlands and hilly terrain. The average annual sunshine is about 1,700 kilowatt hours per square meter.
Overview of the development of renewable energy in Senegal
In the emerging Plan Sénégal Emergent (PSE), Senegal hopes to achieve universal energy penetration by 2025, so that energy can be implemented in all parts of the country, thereby helping Senegal to enhance economic strength, and also hopes that renewable energy can be fully incorporated into the country Power grid.
Senegal is relatively inexperienced in developing renewable energy, so most of the development of renewable energy still relies on overseas players to inject resources and assist in development. Among them, Senegal PV has a better installed capacity ratio with the support of the World Bank. As of the end of 2019, photovoltaic renewable energy in Senegal Energy installed capacity accounts for about 64% of the total, while biomass and wind power together account for 36%.
Senegal’s renewable energy is still in the development stage, and the proportion of future installed capacity may change with policy changes.
Senegal’s photovoltaic policy and development
In order to implement the energy popularization vision of the emerging Senegal Plan (PSE), Senegal has begun to invest in the renewable energy industry in recent years, and photovoltaic is one of the major development projects. In recent years, the demand for photovoltaics has started to spur, mostly relying on overseas players to invest in IPP projects to drive demand, and the government has not formulated specific large-scale project development policies.
However, large-scale projects may make progress in the future. In recent years, the World Bank (World Bank) has launched the Scaling Solar Program through the International Finance Corporation (IFC) to assist African countries to install photovoltaic power plants in the form of tenders. IFC is expected to assist Senegal’s new contract 200MW installed photovoltaic capacity.
In the 200MW scale, two 60MW photovoltaic projects were successfully tendered and financed last year. The project needs to be completed and connected to the grid within this year. These projects are also the first projects developed by the Scaling Solar Program in Senegal.
On the other hand, in the promotion of distributed projects, from October to November 2018, the Senegal Electricity Regulatory Commission (Commission de Regulation du Secteur de l’Electricite) issued a subsidy policy for photovoltaic surplus electricity, allowing surplus electricity generated by distributed projects to be incorporated The power grid received partial subsidies.
As of the end of 2019, the cumulative installed photovoltaic capacity of Senegal reached 134MW, of which there is no record of new installed capacity in 2019. It is speculated that the reason may be that the project under the IFC has not been completed.
Senegal components import and export analysis
In 2019, Senegal’s module shipments totaled 126MW. Some of these projects will be used for two photovoltaic projects funded by IFC. These projects are expected to be completed and connected to the grid in 2020.
In order to implement the energy popularization vision of the emerging Senegal Plan (PSE), Senegal has begun to invest in the renewable energy industry in recent years, and photovoltaic is one of the key development projects, currently accounting for about 64% of the country’s installed capacity of renewable energy. Since Senegal PV is still in its infancy and the industry’s supply chain is not yet mature, project installation, component procurement, etc. mostly depend on the completion of overseas players.
In recent years, Senegal has been supported by the World Bank and the International Finance Corporation IFC. It is estimated that about 200MW of new photovoltaic installations will be added locally. These needs will also become the main support for the Senegal photovoltaic market. Among them, 60MW projects have completed bidding and financing, or will be completed and connected to the grid within this year.
At present, there is still some distance from the target installed capacity set by the IFC, so it will not be ruled out in the future that the bid will continue to be issued and the preset target has been completed.