In New York, ESG News reported that Climate Fund Managers (CFM) and Société Des Energies Nouvelles (SODEN) have signed a $3 million agreement to co-develop the world’s first industrial-scale, grid-connected cocoa waste-to-energy power plant, located in Divo, Côte d’Ivoire.
Once operational, the 76 MW Divo Biomass Project will convert 600,000 tonnes of agricultural waste per year—including cocoa pod husks and bean shells—into renewable electricity for the national grid, according to the report.
“This project demonstrates the vital role of blended finance in bringing complex, first-of-its-kind infrastructure to life in frontier markets like Côte d’Ivoire,” said Darron Johnson, Regional Head of Africa at CFM. “By using public capital to fund early-stage development, we can unlock private capital at scale—delivering not only clean energy and rural livelihoods, but also setting a precedent for future investment in the country.”
The project, currently in concession negotiations with the Ivorian government, is structured as a Public-Private Partnership, according to the report.
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