The wind farm project is being developed by the Africa Finance Corporation, FMO (the Dutch Development Bank), Climate Fund Managers and Great Horn Investment Holdings through Red Sea Power, a company incorporated in Djibouti to develop, construct, own and operate the project.
For the government, the aim was to open up electricity production to independent operators so as to achieve energy independence as soon as possible. It should be noted that the state-owned company Électricité de Djibouti retains a monopoly on the transmission and distribution of electricity. The project was developed by Red Sea Power (RSP).
The first wind farm project in Djibouti, representing a significant milestone for the country on its path towards achieving its goal of 100% electricity from renewable sources by 2030.
In ecological terms, the Ghoubet wind farm will enable Djibouti to reduce its C02 emissions by around 250,000 tonnes a year. At the same time, it will enable the country to reduce its energy dependence on Ethiopia, from which it currently imports around 50% of its electricity consumption via a high-voltage line.
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Free QuoteLatest developments in solar PV technology, energy storage advancements, commercial power solutions, and industry insights from our team of renewable energy experts across Poland.
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