Guinea

With a power score of 1.37, Guinea ranks number 86 among Emerging markets and number 33 in Africa.

Power score
1.37/5

Fundamentals1.92/5

Opportunities1.32/5

Experience0.33/5

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Ranking over time1.37/5

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Guinea has a power score of 1.37, which puts it at rank 86 in the Emerging Markets power ranking. The power score of Guinea is lower 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

Guinea implements policies in 2/8 categories tracked by Climatescope; Renewable energy target 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 Guinea has decreased from $156.25/MWh in 2023 to $156.23/MWh in 2024. Since 2019, the average electricity price in Guinea has fluctuated between $118.44/MWh in 2020 and $156.25/MWh in 2023.

Electricity prices in Guinea (2019-2024)

Power market

The top amount of capacity installed in Guinea in 2024 was in Hydro at 812.1MW.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Guinea in 2024 was Hydro at 2.96TWh, down from 3.34TWh 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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