AMEA Power, a rapidly growing Middle Eastern renewable energy firm, signed a 25-year Power Purchase Agreement (PPA) with the Djibouti Government. The agreement is for a 25 MW solar PV project interconnected with Battery Storage in the Grand Bara region.
The signing took place on August 27, 2023, in Djibouti. CEO of the national utility, Electricité de Djibouti (EDD), Mr. Djama Ali Guelleh, and AMEA Power’s Chairman, Mr. Hussain Al Nowais, inked the PPA. The ceremony was also attended by H.E. Yonis Ali Guedi, Minister of Energy and Natural Resources.
Djibouti’s maiden Solar Independent Power Project (IPP), the project, situated south of Djibouti City, represents a significant stride towards clean energy. AMEA Power drives the project’s comprehensive development through a Build-Own-Operate and Transfer (BOOT) approach. Expected to yield 55 GWh of clean energy annually, enough to power over 66,500 people. The Sovereign Fund of Djibouti (FSD) is also going to join as a minority shareholder before financial closure. Electricité de Djibouti will be the project’s off-taker.
AMEA Power is committed to global energy transition, with a robust clean energy pipeline of over 6 GW across 20 nations. In line with its strategic plan, the Djibouti Government targets a 40% reduction in CO2 emissions by 2030.
Hussain Al Nowais, Chairman of AMEA Power, said, “AMEA Power is proud to reach this milestone and to be supporting Djibouti in its energy transition journey. East Africa is an important market for AMEA Power, as it is a region with immense potential for the development of clean, reliable, and affordable energy.”
