Ethiopia inks landmark deal to build Horn of Africa’s largest 300 MW onshore wind project
Addis Ababa, December 3, 2023 (FBC) – Ethiopia’s Ministry of Finance and AMEA POWER Partner build the Horn of Africa’s largest 300 MW onshore wind power project, which represents a significant milestone in the country’s renewable energy sector.
The Finance of Ethiopia announced the signing of a landmark agreement with AMEA POWER for the construction of the Aysha Wind Power Project.
The Aysha wind energy project is poised to become the largest wind energy project in the Horn of Africa after investing 600 million USD.
An expansive 18,000-hectar wind farm located in Ethiopia’s Horn of Africa region, the Aysha Wind Power Project represents a significant milestone in the country’s renewable energy sector.
AMEA POWER’s extensive experience in developing large-scale renewable energy projects makes it a great partner for this venture.
The Ministry of Finance said in a joint press release that the agreement demonstrates the Ethiopian government’s unwavering commitment to renewable energy and dedication to attracting private investment in the energy sector.
Ethiopian Electric Power (EEP) and the Ministry of Finance are working together to harness the region’s abundant wind resources and generate clean, sustainable electricity to meet Ethiopia’s growing demand for electricity.
The Aysha Wind Power Project is projected to produce approximately 1.22 Tera-Wh of electricity annually, significantly contributing to Ethiopia’s power generation capacity.
Furthermore, approximately 2,000 jobs are expected to be created during the construction and operations phases, benefiting the local economy.
Ethiopia’s Minister of Finance, Ahmed Shide said, “The Aysha wind power project will be implemented with strong government-to-government support by AMEA Power, prominent private sector player.”
ENA quoted Abebe Gebrehiwot of the PPP Directorate as saying: “This project represents a major stride in our journey towards increasing clean energy, production, providing sustainable electricity to our people, and driving economic growth and job creation in the region.”
The signing of this agreement with AMEA POWER marks a significant milestone, the ministry said.
It demonstrates the Ministry of Finance’s determination to attract private investments in the energy sector and increase the share of renewable e energy in Ethiopia’s power mix.