Dubai firm invests in $600m Ethiopian wind farm
7 December 2023
Dubai renewables developer AMEA Power has signed a deal with the Ethiopian finance ministry to invest in an 18,000-hectare wind farm in the Horn of Africa region. Set to cost $600m to build, the Aysha wind power scheme is projected to produce around 1.22 Terawatt hours electricity a year.
Building it will create some 2,000 jobs, the finance ministry said.
It added that the deal showed its “determination to attract private investments in the energy sector and increase the share of renewable energy in Ethiopia’s power mix”.
Only around 54% of Ethiopia’s population had access to electricity in 2021, according to the World Bank.
Related
-
Sumitomo and EWEC extended PPA for gas-fired power plant
12 May 2025
-
Adani Group, Druk Green Power to develop 5GW hydropower projects in Bhutan
11 May 2025
-
Siemens Energy signs preliminary 14GW Iraq pact
10 May 2025
-
CAF secures $453m maintenance contracts in UK and Colombia
9 May 2025
-
Scatec starts work on $590m solar and battery project
9 May 2025
-
Spain commits €340 million to Casablanca desalination plant
9 May 2025