AMEA Power inks PPA for 25-MW solar project with storage in Djibouti
Djibouti PPA signing. Image by AMEA Power.
Dubai-based renewables company AMEA Power LLC has signed a power purchase agreement (PPA) with the government of Djibouti for the small African nation’s first solar independent power project, a 25-MW solar park with battery storage.
AMEA Power is developing the solar project under a build-own-operate and transfer (BOOT) model. The facility will be built in the Grand Bara area, south of Djibouti City. It is expected to produce 55 GWh of power per year, sufficient to supply more than 66,500 people, according to the announcement.
The PPA was signed on August 27 by Djama Ali Guelleh, chief executive of the national utility company, Electricite de Djibouti (EDD), which will offtake the project’s output, and AMEA Power chairman Hussain Al Nowais, in the presence of the country’s Minister of Energy and Natural Resources Yonis Ali Guedi. The Sovereign Fund of Djibouti (FSD) will become a minority shareholder in the project before the financial close.
According to AMEA Power’s chairman, East Africa is an important market for the Middle East company as the region has “immense potential for the development of clean, reliable, and affordable energy.”
AMEA Power boasts a clean energy pipeline of over 6 GW across 20 countries.