Africa
With a power score of 1.78, Senegal ranks number 68 among Emerging Markets and number 22 in the Africa region
Power score
1.78/5
Score over time
2021 - 2024
Senegal has a power score of 1.78, which puts it at rank 68 in the Emerging Markets power ranking. In comparison to 2023, Senegal has dropped in the power rankings by 10 places, from rank 58, to rank 68.
At 1.78, the power score of Senegal is worse than than the regional average of 1.8 in the Africa region and puts it at rank 22 in the region.
Senegal implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, VAT incentives, and Priority grid access.
The average electricity price in Senegal has increased from 167.53 USD/MWh in 2022 to 180.93 USD/MWh in 2023. Since 2017, the average electricity price in Senegal has fluctuated between 167.53 USD/MWh (2022) and 188.40 USD/MWh (2021).
The top amount of capacity installed in Senegal in 2023 was in Oil & Diesel at 37.3%, down from 39.32% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 21.21%, up from 18.12% in 2022.
The top amount of electricity generated in Senegal in 2023 was in Oil & Diesel at 41.65%, up from 34.77% in 2022.
Investment in clean energy in Senegal was around $787.08 million in 2023, a decrease of 38.56% from 2022 ($1,280.95 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $1,280.95 million, while the lowest was in 2019 with $418.59 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.