In a press release published on July 16, 2024, the developer of renewable energy projects in sub-Saharan Africa, Africa REN, announced the start of construction of Walo Storage, an electrical energy storage unit with lithium batteries, & agrave; Bokhol,

The Africa REN project is the first in West Africa dedicated to frequency regulation in order to guarantee the stability of the network. According to the company, this project represents a major advance for the region's energy sector. The financing was provided by the Dutch development bank FMO and the Infrastructure Fund for Emerging Africa (EAIF), a Private Infrastructure Development Group (PIDG) company, for an investment of 40 million euros ($43.4 million). ' According to Gilles Parmentier, president of é Africa REN, “with the launching the construction of Walo Storage, we reaffirm é our leadership position in the sustainable energy revolution in sub-Saharan Africa. This innovative project also paves the way for a resilient energy infrastructure and significantly reduces CO2 emissions from the Senegalese electricity grid