Construction Operation Wind Tender

Project Location Project Background A project consortium has approved funding for the construction and operation of a 60 MW wind farm in the Ghoubet area near Lake Assal in Djibouti.The consortium consists of Africa Finance Corporation AFC Climate Fund Managers CFM FMO the Dutch entrepreneurial development bank and Great Horn Investment Holdings GHIH and aims to support Djibouti with its expanding energy needs.This milestone project will foster industrialization by reducing the reliance on other high cost or unstable sources of power generation and will support the regions emphasis on green energy with lower emissions.Located in the Horn of Africa and spanning over 23000 km2 Djibouti is dependent on domestic thermal power production and imports from Ethiopia for its electricity consumption and is in need of domestic renewable energy capacity addition.Djiboutis electricity demand is expected to considerably increase due to various large-scale infrastructure projects including ports free trade zones and railways that the government has undertaken. The country aims to transition towards 100 percent renewable energy-based electricity production and reduce its emissions by 40 percent by 2030.The project is expected to have its commercial operations start in 2022.