Who is developing a wind farm in Djibouti?

The wind farm project is being developed by the Africa Finance Corporation, FMO (the Dutch Development Bank), Climate Fund Managers and Great Horn Investment Holdings through Red Sea Power, a company incorporated in Djibouti to develop, construct, own and operate the project.

What is the source of Djibouti's energy?

Approximately 65 percent of Djibouti's electricity comes from external sources. The remaining energy comes from its own geothermal, solar, wind, and biomass sources. According to the International Renewable Energy Agency (IRENA), this reliance on imported energy can lead to price volatility that can hinder economic development plans.

How will the Ghoubet wind farm impact Djibouti?

In ecological terms, the Ghoubet wind farm will enable Djibouti to reduce its C02 emissions by around 250,000 tonnes a year. At the same time, it will enable the country to reduce its energy dependence on Ethiopia, from which it currently imports around 50% of its electricity consumption via a high-voltage line.

Will Djibouti achieve 100% electricity by 2030?

The first wind farm project in Djibouti, representing a significant milestone for the country on its path towards achieving its goal of 100% electricity from renewable sources by 2030.

Why did Djibouti open up electricity production to independent operators?

For the government, the aim was to open up electricity production to independent operators so as to achieve energy independence as soon as possible. It should be noted that the state-owned company Électricité de Djibouti retains a monopoly on the transmission and distribution of electricity. The project was developed by Red Sea Power (RSP).

Will Djibouti be the first country to produce 100% green energy?

In its bid to become the first country on the continent to produce 100% green energy by 2035, Djibouti can also draw on other ambitious projects. These include the solar power project in the Grand Bara desert, for which work began in 2020.