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President Ismail Omar Guelleh of Djibouti inaugurated the first-ever windfarm, as a part of its drive to transform into relying more on green energy
President Ismail Omar Guelleh of Djibouti inaugurated the first-ever windfarm, as a part of its drive to transform into relying more on green energy. A country of 1.1 million people, that dream for the East African country, billed as the main gateway to the region because of its ports connecting the rest of the landlocked countries, is not a far-fetched one. It is trying to become the first in Africa to rely entirely on renewable sources for electricity by 2035.
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The Red Sea Power (RSP) wind farm, near Lake Goubet, will provide 60 MW of clean energy. This will boost overall capacity by 50% and avert 252,500 tonnes of CO2 emissions annually. The US$122m project creates the country’s first independent power producer (IPP). It is the first significant international investment in the energy sector in Djibouti.
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Djibouti has been entirely reliant on power generated from imported fossil fuels, as well as hydrogen-generated power imported from neighboring Ethiopia. The new clean energy will spur industrialization, job creation, and economic stability as Djibouti seeks to take advantage of its strategic location as a global transshipment hub. An additional 45 MW of renewable energy is already planned.
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A consortium of investors is involved in the RSP project. They include infrastructure solutions provider Africa Finance Corporation (AFC) as lead developer; the Dutch entrepreneurial development bank FMO; blended finance fund manager Climate Fund Managers (CFM); and Great Horn Investment Holding (GHIH), an investment firm owned by a unit of the Djibouti Ports & Free Zones Authority and Djibouti Sovereign Fund.
