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Amea + Ethiopia to develop USD 620 mn wind farm in the Horn of Africa: Renewables firm Amea Power has signed a power purchase agreement (PPA) and an implementation agreement with Ethiopian Electric Power to develop and operate the USD 620 mn, 300 MW Aysha 1 wind energy plant in Ethiopia, according to a statement. The project is set to be the largest wind farm in the Horn of Africa region, which includes Djibouti, Eritrea, Ethiopia, and Somalia. Amea wholly-owned project subsidiary, the Amea Power Aysha Wind One company, will develop, invest, build, own, and operate the plant.
Months in the making: Amea signed an agreement with Ethiopia’s Finance Ministry in December 2023 to build the Aysha wind farm. The timeline on when construction would begin on the plant was not provided.
Amea recently broke ground on two renewables plants in Africa: Amea Power has broken ground on the 24 MWp Ituka solar PV plant in the West Nile region in Uganda earlier this month. It also held a two-day public consultation for its 125 MW Matambo solar plant in Mozambique a few weeks ago, and reached financial close on its USD 120 mn, 120 MW Doornhoek solar energy plant in South Africa in June.
There’s more in the pipeline: Amea Power signed agreements with the governments of Uganda, Djibouti, Mozambique and Zimbabwe to develop renewables projects with a combined 200 MW generation capacity at COP28. The firm is also reportedly set to sign a USD 800 mn agreement with Geothermal Development Co. of Kenya to develop the 200 MW Baka geothermal energy generation plant in the African country.
