Africa
With a power score of 2.04, Burkina Faso ranks number 40 among Emerging Markets and number 10 in the Africa region
Power score
2.04/5
Score over time
2021 - 2024
Burkina Faso has a power score of 2.04, which puts it at rank 40 in the Emerging Markets power ranking. In comparison to 2023, Burkina Faso has improved in the power rankings by 37 places, from rank 77, to rank 40.
At 2.04, the power score of Burkina Faso is better than than the regional average of 1.8 in the Africa region and puts it at rank 10 in the region.
Burkina Faso implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Import tax incentives, VAT incentives, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in Burkina Faso has dropped from 356.92 USD/MWh in 2022 to 198.51 USD/MWh in 2023. Since 2017, the average electricity price in Burkina Faso has fluctuated between 181.80 USD/MWh (2017) and 394.14 USD/MWh (2021).
The top amount of capacity installed in Burkina Faso in 2023 was in Oil & Diesel at 67.42%, down from 75.8% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 27.33%, up from 18.29% in 2022.
The top amount of electricity generated in Burkina Faso in 2023 was in Oil & Diesel at 68.39%, down from 83.61% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 20.82%, up from 8.3% in 2022.
Investment in clean energy in Burkina Faso was around $ million in 2023, a decrease of 100% from 2022 ($67.58 million). Between 2018 and 2023, the highest investment in clean energy was in 2019 at $166.40 million, while the lowest was in 2022 with $67.58 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.