Will AMEA power build a solar photovoltaic plant in Djibouti?

Emirati independent power producer (IPP) AMEA Power has signed agreements to build a solar photovoltaic plant in Djibouti. With a capacity of 30 MWp, the construction of the solar plant will be done in the framework of a public-private partnership (PPP).

What is a power purchase agreement (PPA) in Djibouti?

Amea Power has secured a power purchase agreement (PPA) for a 25 MW solar-plus-storage project in Djibouti. It will be the country’s first independent power producer (IPP) project and is now in development under a build-own-operate and transfer (BOOT) framework.

Will AMEA Power Invest in Djibouti's first IPP project?

The solar plant is the country's first IPP project and will be developed under a BOOT model. “The Sovereign Fund of Djibouti (FSD) will be joining the project before financial close as a minority shareholder,” AMEA Power said, without providing additional details.

What does AMEA power do in Djibouti?

AMEA Power will develop the project in partnership with the Sovereign Wealth Fund of Djibouti (FSD). The electricity produced will be sold to Djibouti's public utility Électricité de Djibouti (EDD), under a long-term power purchase agreement.

What is AMEA power's 25-year PPA for Djibouti?

Dubai-based AMEA Power has secured a 25-year PPA from Djibouti's state-owned utility, Électricité de Djibouti (EDD), for a 25 MW solar-plus-storage plant it plans to build in Grand Bara, south of the national capital. The solar plant is the country's first IPP project and will be developed under a BOOT model.

Where does Djibouti's energy come from?

Most of Djibouti's energy supply, around 80%, is sourced from neighboring Ethiopia. At the end of 2023, Djibouti was among the select few countries throughout the world that had yet to install any PV capacity, according to the International Renewable Energy Agency (IRENA).