- The 25-megawatt solar project with Battery Storage would generate 55 GWh of clean energy yearly.
- The Sovereign Fund of Djibouti would join the project as a minority shareholder before the financial close.
AMEA Power, a renewable energy company in Dubai, has signed a 25-year Power Purchase Agreement (PPA) with the Djibouti Government. The contract, a 25MW solar photovoltaic (PV) project with Battery Storage, was signed by the CEO of the national utility company, Electricité de Djibouti (EDD), Mr Djama Ali Guelleh and the Chairman of AMEA Power, Mr Hussain Al Nowais.
The project, located in Grand Bara, would be the first solar Independent Power Project (IPP) in Djibouti, East Africa. As part of its strategic plan, the Government of Djibouti aims to reduce CO2 (carbon dioxide) emissions by 40 per cent by 2030. Through this project, AMEA Power has expanded its reach in East Africa and recognised it as a region with immense potential for developing clean, reliable, and affordable energy.
AMEA Power is fully developing the solar project under a Build-Own-Operate and Transfer (BOOT) model. The project would generate 55 GWh (gigawatt-hours) of clean energy yearly to reach more than 66,500 people. The Sovereign Fund of Djibouti would join the project as a minority shareholder before financial close, and EDD will be the off-taker.
AMEA Power is rapidly expanding its investments in wind, solar, energy storage and green hydrogen, demonstrating its long-term commitment to the global energy transition. The Company has a clean energy pipeline of over 6GW across 20 countries.