Core Insights - Mauritania's Minister of Economic Affairs and Development, Sidya, signed a financing agreement of €39.22 million with the French ambassador to support the construction of 10 hybrid solar power plants equipped with energy storage systems [1] - The investment aims to optimize renewable energy utilization, build high-voltage lines, connect national and regional grids, and expand urban distribution networks, while encouraging private sector participation in energy production and sales [1] - The project reflects President Ghazouani's commitment to improving access to basic services, with current electricity coverage in Mauritania exceeding 50% [1] Investment and Economic Impact - The financing is supported by the French Development Agency and is intended to enhance energy supply, boost economic development, and improve communication, education, and health services [1] - The first phase of the project will cover 10 municipalities, including Nouakchott, integrating solar energy and battery storage with existing power generation systems to increase output and reduce costs [1] - The initiative is part of a broader effort to reduce carbon emissions and promote energy transition in Mauritania, showcasing France's support for priority development areas in the country [1]