PARIS — Bracewell France AARPI advised the sponsor on the financing of Poro Power 1, which will operate a 66-MWc solar photovoltaic power plant to be developed in the Korhogo region of Côte d’Ivoire under a concession agreement with the State of Côte d’Ivoire.
The project benefits from an innovative green financing structure, supported by the first green bond issued under the West African Economic Monetary Union (UEMOA) framework for the energy sector in Côte d’Ivoire. This landmark issuance represents a significant step forward for sustainable finance in the region and supports the deployment of large‑scale renewable energy infrastructure.
Once operational, the Korhogo solar power plant will strengthen Côte d’Ivoire’s electricity generation capacity and help meet rising demand, particularly in the industrial and agricultural sectors. The project reflects Poro Power 1’s commitment to advancing a cleaner and more energy‑independent national energy mix.
“We are pleased to have been involved on the financing of this landmark project in Côte d’Ivoire for several years,” said Simon Cudennec, lead partner at Bracewell. “This pioneering green bond structure reflects the growing maturity of sustainable finance in the UEMOA region and reinforces our team’s strength in complex renewable energy transactions across Africa.”
Members of the Bracewell team included:
Partner: Simon Cudennec
Counsel: Véronique Bruel
Senior Associate: Marie Zelazko
Associates: Noémie Portut-Castel and Tala Fawaz
