In recent years, Senegal has proactively pursued the expansion of renewable energy generation, particularly from solar and wind. In addition to starting exploration of offshore liquefied natural gas, the expansion in renewable energy is posited as a way to help the country move toward low(er) carbon development, reduce dependence on volatile oil markets, and improve reliable (and especially rural) access to electricity. To achieve these objectives, the electricity sector has continuously undergone structural reforms to improve its financial viability and to achieve objectives around universal access to electricity, particularly by increasing private sector participation in electricity generation. Through the lens of “electricity capital,” this paper examines the implications of reforms in the electricity sector for processes of accumulation, in a context of efforts to improve environmentally sustainable development. It asks how capital in the electricity sector is constituted and operates in the Senegalese context, who has power in shaping how it operates, and how this has influenced the potential for achieving a fair and equitable transition to a low(er) carbon energy system. This paper draws on recent work in political ecology on energy transitions and emerging literature on the political economy of electricity, as well as on analysis of policy and technical documents and semi-structured interviews carried out with those involved in the energy sector between 2018 and 2020. Findings suggest that even though the Senegalese government has set clear objectives for the electricity sector that are based on principles of equity, environmental sustainability, and justice, the current power relations and financing arrangements taken on by the state and other actors active in the sector has, paradoxically, led to an approach that risks undermining these very principles.
Portfolio optimization of power plants by using renewable energy in Iran
