Senegal's electricity and renewable energy sectors, along with five other key areas, are experiencing significant recovery due to oil and gas revenues, marking a new phase of economic growth. According to a report by the Washington-based Specialized Energy Platform, Senegal officially became an oil-producing nation with the start of production at the Sangomar field in June 2024. Renewable energy development is also progressing, with first gas production from the Tortu Ahmeim field, developed by BP and Kosmos Energy, expected by the end of 2024. These advancements have led to an upward revision of Senegal's economic growth to 10.1% in 2025.
The clean energy sector in Senegal has received a boost from its membership in the Equitable Energy Transition Partnership with France, Germany, the European Union, the United Kingdom, and Canada since June 2023. This partnership has provided Senegal with up to $2.69 billion over three to five years for clean energy development. The initiative includes comprehensive clean energy studies, new high-capacity renewable energy plants, green hydrogen production, and support for the photovoltaic industry. The government aims to increase hydropower capacity by 400 MW by 2030 and raise the share of renewables in the energy mix to 40% by utilizing oil and gas revenues.
Senegal is also making strides in modernizing its electricity and gas infrastructure. The state-owned utility company Senelec has completed 50% of its network modernization project as of June 2024. To achieve universal electricity access by 2030, several gas-fired power plants are under construction and expected to be operational by 2026. Additionally, pipelines are being built to transport gas from the Sangomar field and the offshore gas project Yakar Teranga, operated by Kosmos Energy.