Proparco and the International Finance Corporation are backing four solar plants totalling 62 MWp in Benin, supporting an independent-power programme developed by AXIAN Energy Green and Sika Capital.
In a 2 November update, Proparco put its financing and IFC’s contribution at approximately €14 million each. Sika Capital is jointly owned by Benin’s Caisse des Dépôts et Consignations and Egnon Consulting.
The lender says the four plants would represent roughly 10% of the country’s currently installed electricity capacity. That is planned capacity, rather than generation already supplying the grid.
Sagemcom will undertake engineering, procurement and construction and maintain the installations through their first two operating years, according to Proparco. The scope links the financing to a defined delivery contractor and early operating support.
The programme is intended to diversify a power system that remains heavily dependent on thermal generation. Proparco describes it as Benin’s first project led by an independent power producer and says demonstrating private investment could help attract further projects.
Source: Proparco project and financing update, 2 November 2026.
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Image credit: Illustrative technology file photograph: Amareleja photovoltaic power plant, Moura, Portugal, 4 March 2012. This is not one of the four AXIAN–Sika projects in Benin. Vitor Oliveira / Wikimedia Commons, CC BY-SA 2.0. Resized and converted to WebP; same licence retained. Source photograph; licence.
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