AMEA Power, a renewable energy firm from the Middle East, announced the completion of a 25-year Power Purchase Agreement (PPA) with the Government of Djibouti. The agreement pertains to a 25 MW solar PV project integrated with battery storage in the Grand Bara region.
The signing event took place in Djibouti on August 27, 2023. The PPA was formally executed by Mr. Djama Ali Guelleh, CEO of Electricité de Djibouti (EDD), the national utility company, and Mr. Hussain Al Nowais, Chairman of AMEA Power. This momentous occasion was graced by the presence of H.E. Yonis Ali Guedi, Minister of Energy and Natural Resources.
The project will be the first solar Independent Power Project (IPP) in Djibouti and will be located in Grand Bara, south of Djibouti City. The solar project is being fully developed by AMEA Power under a Build-Own-Operate-Transfer (BOOT) model and will generate 55 GWh of clean energy per year, enough to reach more than 66,500 people. The Sovereign Fund of Djibouti (FSD) will be joining the project before financial close as a minority shareholder. The offtaker for the project will be Electricité de Djibouti.
As part of its strategic plan, the government of Djibouti aims to reduce CO2 emissions by around 40% by 2030.
Hussain Al Nowais, Chairman of AMEA Power, said: “AMEA Power is proud to reach this milestone and to be supporting Djibouti in its energy transition journey. East Africa is an important market for AMEA Power, as it is a region with immense potential for the development of clean, reliable, and affordable energy.”
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 6 GW across 20 countries.
