Author Topic: AFC Invests in Djibouti’s Windpower Renewable Energy Project  (Read 1694 times)

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Africa Finance Corporation announced a US$63 million strategic investment to construct and operate a 60MW wind project in the Ghoubet area, near Lake Assal in Djibouti. AFC has led the development of the project since 2017, developing it from concept to bankability, securing a 25-year take or pay power purchase agreement with Électicité de Djibouti as the off-taker, an implementation agreement and with the Government of Djibouti backed by a Government Guarantee.

The 17 SG 3.4-132 wind turbines will be installed near the Goubet cove in the Gulf of Tadjoura, on a 395-hectare site. Siemens Gamesa will be building them.


Will Djibouti become the next "Hong Kong"? It has come a long way since its independence in 1977.
« Last Edit: March 01, 2020, 05:25:46 PM by Administrator »