Climatescope 2025

Senegal

With a power score of 2.07, Senegal ranks number 48 among Emerging markets and number 14 in Africa.

Power score
2.07/5

Fundamentals2.72/5
Opportunities1.25/5
Experience1.59/5
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Ranking over time2.07/5

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Overview

Senegal has a power score of 2.07, which puts it at rank 48 in the Emerging Markets power ranking. The power score of Senegal is higher than the average of 1.91 in Africa.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Senegal implements policies in 4/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), and Tax incentives

Renewable energy target
Auctions/tenders (utility-scale)
Feed-in tariff/premium (utility-scale)
Support for customer-sited generation (rooftop and self-consumption)
Tax incentives
Renewables mandate/RPS/Supplier Obligation
REC'S - Renewable Energy Certificates
Priority generation dispatch

Power prices and costs

The average electricity price in Senegal has increased from ~$201/MWh in 2023 to ~$204/MWh in 2024. Since 2019, the average electricity price in Senegal has fluctuated between ~$166/MWh in 2022 and ~$204/MWh in 2024.

Electricity prices in Senegal (2019-2024)

Power market

The top amount of capacity installed in Senegal in 2024 was in Oil and diesel at 1.42GW, up from 1.29GW in 2023.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Senegal in 2024 was Oil and diesel at 5.48TWh, up from 5.1TWh in 2023.

Investment in Senegal (2019-2024)

Investment in clean energy in Senegal was around $145.97M in 2024. This amounts to a decrease of around 82% from $822.08M in 2023.

Utility privatisation

Which segments of the power sector are open to private participation?

generation
transmission
retail

Doing business and barriers

Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Currency of Corporate PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.

Download the report