Will Aysha 1 become the largest wind energy project in Africa?

Addis Ababa, August 17/2024 (ENA) Ethiopia has signed 300MW Aysha-1 wind project Power Purchase and implementation agreements with United Arab Emirates (UAE)’s AMEA Power. The Aysha wind energy project is poised to become the largest wind energy project in the Horn of Africa after investing 620 million US dollars, it was learned.

What is aysha-1 300MW wind power project?

The energy generated will be sold to Ethiopian Electric Power under a 25-year Power Purchase Agreement. Speaking at the signing ceremony, Minister of Finance Ahmed Shide said the Aysha-1 300MW wind power project is a cornerstone of our national energy policy and the legacy to be set in the renewable energy growth.

Who owns Aysha wind farm?

Similarly, Chairman of AMEA Power signed the power purchase agreement with CEO of Ethiopian Electric Power Ashebir Balcha, it was indicated. AMEA Power, a United Arab Emirates’ renewable company is anticipated to develop, invest, build, own and operate the wind farm through its fully-subsidiary, AMENA Power Aysha Wind One PLC.

Why is AMEA power launching a 300MW aysha-1 wind project?

This initiative will contribute to Ethiopia’s ambitious renewable energy targets, and support the country’s economic growth and development. Hussain Al Nowais, Chairman of AMEA Power, said: “The 300MW Aysha-1 Wind Project marks a significant milestone for AMEA Power as we sign the Power Purchase Agreement and Implementation Agreement in Ethiopia.

How much electricity will Aysha wind farm generate?

The project is expected to generate 954,000MWh of electricity. Aysha Wind Farm (Aysha Wind Farm I) consists of 80 turbines with 1.5MW nameplate capacity. The project construction is expected to commence from 2017. Subsequent to that it will enter into commercial operation by September 2022.

How will Ethiopia diversify its energy mix?

Looking ahead, Ethiopia is set to further diversify its energy mix by scaling up solar and geothermal projects, complementing its strong hydropower and wind investments. The government is also focusing on strengthening public-private partnerships to accelerate project implementation and attract global expertise.