Senegal’s electricity and renewable energy sectors, alongside five other key industries, are experiencing significant growth, fueled by burgeoning oil and gas revenues. This development paves the way for a new phase of economic development in the country.

Senegal officially became an oil-producing nation with the commencement of production at the Sangomar field in June 2024. The first gas production from the Tortue Ahmeyim field, developed by BP and Kosmos Energy, is expected to start before the end of 2024. These developments are projected to propel Senegal’s economic growth rate to 10.1% in 2025.

Furthermore, Senegal secured $2.69 billion over a 3-5-year period to develop clean energy through its partnership with the Just Energy Transition Partnership (JETP). This partnership, formed in June 2023, includes France, Germany, the European Union, the United Kingdom, and Canada.

Senegal’s renewable energy plans focus on boosting hydropower capacity by 400 megawatts by 2030, leveraging the Gambia and Senegal rivers. The government aims to increase the share of renewable energy sources in Senegal’s energy mix to 40% by 2030, capitalizing on revenues from oil and gas production.

By 2030, Senegal also aims to achieve universal access to electricity, utilizing its newfound hydrocarbon resources to bolster electricity development.

In May 2024, Senegal launched a Bus Rapid Transit (BRT) project, financed by the World Bank, to alleviate urban congestion. Other major projects include a new international airport, road network improvements, a toll highway, and a railway line expected to connect to the airport by 2025.