Djibouti Red Sea Power | 60MW Wind IPP Project
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
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.
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). “This site has the best wind energy potential in Africa, alongside Tangiers in Morocco,” says François Maze, its CEO.
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.
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).
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