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EXECUTIVE SUMMARY
RENEWABLE ENERGY
MARKET ANALYSIS
MANO RIVER UNION REGION
RENEWABLE ENERGY MARKET ANALYSIS: MANO RIVER UNION REGION
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Unless otherwise stated, material in this publication may be freely used, shared, copied, reproduced, printed and/or
stored, provided that appropriate acknowledgement is given of IRENA as the source and copyright holder. Material in this
publication that is attributed to third parties may be subject to separate terms of use and restrictions, and appropriate
permissions from these third parties may need to be secured before any use of such material.
ISBN: 978-92-9260-551-3
CITATION: IRENA (2023), Renewable energy market analysis: Mano River Union region, International Renewable Energy
Agency, Abu Dhabi.
Available for download: www.irena.org/publications
For further information or to provide feedback: info@irena.org
© IRENA 2023
ABOUT IRENA
The International Renewable Energy Agency (IRENA) serves as the principal platform for international co-
operation, a centre of excellence, a repository of policy, technology, resource and financial knowledge, and a driver
of action on the ground to advance the transformation of the global energy system. A global intergovernmental
organisation established in 2011, IRENA promotes the widespread adoption and sustainable use of all forms of
renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit
of sustainable development, energy access, energy security, and low-carbon economic growth and prosperity.
www.irena.org
DISCLAIMER
This publication and the material herein are provided “as is”. All reasonable precautions have been taken by IRENA to verify the reliability of the material
in this publication. However, neither IRENA nor any of their officials, agents, data or other third-party content providers provides a warranty of any kind,
either expressed or implied, and they accept no responsibility or liability for any consequence of use of the publication or material herein.
The information contained in the publication does not necessarily represent the views of IRENA or all of its Members. The mention of specific companies
or certain projects or products does not imply that they are endorsed or recommended by IRENA or AfDB in preference to others of a similar nature
that are not mentioned. The designations employed and the presentation of material herein do not imply the expression of any opinion on the part of
IRENA or AfDB, concerning the legal status of any region, country, territory, city or area or of its authorities, or concerning the delimitation of frontiers
or boundaries.
ACKNOWLEDGEMENTS
This report was authored under the guidance of Rabia Ferroukhi and Ute Collier (IRENA) by Divyam Nagpal (IRENA), Siré
Diallo and Josephine Enyonam Dekpor (IRENA consultants).
The authors are grateful for the inputs provided by IRENA colleagues Kamlesh Dookayka, Mamadou Goundiam, Diala
Hawila, Faran Rana, Dennis Akande, Nazik Elhassan, Imen Gherboudj, Sibghat Ullah, Abdullah Abou Ali, Paul Komor,
Francis Field and Stephanie Clarke. External inputs and peer review feedback were provided by Steven Payma (Rural
and Renewable Energy Agency, Liberia); Daniel Duma (Stockholm Environment Institute); Diallo Ahmed Tidiane (Mano
River Union Secretariat); and Nopenyo Dabla (African Development Bank). The report benefited from inputs provided
by Kandeh Yumkella (The Energy Nexus Network), George Gontor (Ministry of Mines and Energy, Liberia), Albert Saa
Dembadouno (Renewable Energy Division, Hydraulics and Hydrocarbons, Guinea), Jean Francis Sempore (ECREEE),
Daniel Schroth (African Development Bank) and Huda Jaffer (SELCO Foundation) during the consultation meeting
conducted in January 2023.
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EXECUTIVE SUMMARY
RENEWABLE ENERGY
MARKET ANALYSIS
MANO RIVER UNION REGION
ABIDJAN, CÔTE D'IVOIRE | Photo: © Konan Olivier | Shutterstock
EXECUTIVE
SUMMARY
EXECUTIVE SUMMARY
5
The Mano River Union (MRU) region comprises four
countries – namely, Côte d’Ivoire, Guinea, Liberia
and Sierra Leone – with a combined population
of nearly 56million as of 2022. The region is rich in
natural resources with large mineral reserves. The
region’s economies are commodity-dependent, with
exports as a share gross domestic product (GDP) in
2019-2021 ranging from 13% in Sierra Leone to 20%
in Côted’Ivoire and Liberia, and 47% in Guinea. Ores
and metals represent the largest share of merchandise
exports in Guinea, Liberia and Sierra Leone, while in
Côted’Ivoire agricultural goods account for the majority
share. Periods of high commodity prices result in boom
periods; however, these have been short-lived and
reversed due to external shocks over the past decade,
including the Ebola crisis, the COVID-19 pandemic,
and the food and non-food commodity price shocks
resulting from geopolitical developments in 2022.
The MRU countries are increasingly faced with
the need to devise inclusive and resilient growth
trajectories that tackle a multitude of socio-
economic development priorities, including economic
diversification, poverty alleviation, job creation and
local industry development, while addressing fiscal
challenges and rising climate impacts.
Access to sufficient, reliable and affordable energy
is fundamental for the region to meet its socio-
economic development goals. The lack of energy
access constrains economic activity, impacts the
delivery of critical public services and places strains
on government budgets due to fuel imports. All MRU
countries boast abundant renewable energy resources.
These resources could be harnessed to tackle the
energy deficit and support broader development and
industrialisation goals by strengthening domestic
agriculture and industry, as well as by developing
local value chains for energy transition minerals and
technologies.
This report, developed by the International
Renewable Energy Agency (IRENA) in partnership
with the Mano River Union Secretariat and The
Energy Nexus Network, aims to offer insights on
the current status of the energy sector in the MRU
region and highlight the key opportunities renewable
energy solutions offer to meet growing energy needs.
It analyses the policy and investment landscape, and
offers recommendations for scaling up renewable
energy adoption in the region.
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