Ethiopia-UAE: Dubai’s AMEA to develop $620m Ethiopian wind farm

[Deeq A.]

Ethiopia-UAE: Dubai’s AMEA to develop $620m Ethiopian wind farm

Ethiopia has agreed a deal with a Dubai renewables developer AMEA to develop the Horn of Africa’s biggest wind farm.

The letter-of-award was signed by Ahmed Shide, Ethiopia’s finance minister, and AMEA Power in Dubai during the COP28 climate change summit.

The 300MW Aysha Wind Power Project, which is expected to cost $620m, will be financed, built and operated by AMEA on the basis of a 25-year power purchase agreement with state-owned utility Ethiopian Electric Power.

AMEA said the 18,000ha project is expected to generate 1,400GWh a year, powering some 4 million households and cutting carbon emissions by 690,000 tonnes.

During the construction and operation phases, the project is expected to create more than 1,500 direct jobs.

Source Globalconstructionreview

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