US firm CredoGroup interested in Togo’s solar sector

Wednesday, 17 April 2019 14:31
US firm CredoGroup interested in Togo’s solar sector

(Togo First) - CredoGroup LLC, a Tenessee-based provider of independent solar energy services and products wishes to invest in Togo. The firm which is headed by US-Togolese Credo Amouzouvik, has actually sent some of its executives to Lomé to discuss the deal with the government.

We want to help Togo become self-sufficient in terms of power production, harnessing energy from solar panels, mini and micro-grids which are more cost-effective. This will also create multiple jobs for the Togolese youth,” declared Amouzouvik.  

The US firm plans to partner with its local partner Dodan, a civil engineering firm focused on renewables, in the framework of its deployment in Togo.

Togo aims to achieve universal electrification by 2030, with milestones of 50% (from 40% now) in 2020 and 75% in 2025. 

More than XOF1000 billion is needed to reach full electrification, with renewables making up 50% of the country’s energy mix by then.

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