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Ivory Coast

With a power score of 1.58, Ivory Coast ranks number 78 among emerging markets and number 105 in the global power ranking.

  • Emerging markets
  • Africa

1.58 / 5

Power score


-24 places

Global power rank change


2021
2022
2023
78
81
105

Overview

Ivory Coast has a power score of 1.58, which puts it at rank 105 in the global power ranking, and rank 78 in the emerging markets power ranking. In comparison to 2021, Ivory Coast has deteriorated in the power rankings by -27 places, from rank 78, to rank 105.

At 1.58, the power score of Ivory Coast is better than the regional average of 1.54 in the Africa region.

Regional power score comparison

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Ivory Coast

Power

Power policy

Ivory Coast implements policies in 4/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Ivory Coast has dropped from 169.26 USD/MWh in 2021 to 145.74 USD/MWh in 2022. Since 2017, the average electricity price in Ivory Coast has fluctuated between 115.49 USD/MWh (2017) and 169.26 USD/MWh (2021).

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Power market

The top amount of capacity installed in Ivory Coast in 2022 was in Natural Gas at 66.04%, up from 63.5% in 2021.

Installed capacity (in MW)

2014201620182020202205001K1.5K2K2.5K MW

Electricity generation (in GWh)

2014201620182020202202K4K6K8K10K12K GWh

The largest electricity generating technology in Ivory Coast in 2022 was Natural Gas, generating some 72.89% of electricity, up from 69.28% in 2021.

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Investment in clean energy in Ivory Coast was around $184.93 million in 2022, a decrease of 34.5% from 2021 ($282.34 million). Between 2017 and 2022, the highest investment in clean energy was in 2021 at $282.34 million, while the lowest was in 2018 with $41.51 million.

Utility privatisation

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

Generation: Yes
Transmission: No
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

No

Doing business and barriers

Type

Question

Availability

Currency of PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

Yes

Type

Question

Availability

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?

Yes

Transport

Transport policy

Ivory Coast does not implement any policies in any of the transport policy categories tracked by Climatescope.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

No
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

Download report

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