Red Sea Power completes Djibouti project
Red Sea Power has switched on a 60MW onshore wind farm in Djibouti that has boosted electricity capacity in the East African country by 50%.
The $122m project, also called Red Sea Power, is the first utility-scale wind farm in Djibouti and is set to provide electricity to 38% of the country's population that currently does not have access to it. The development is located near Lake Goubet and was commissioned by President Ismail Omar Guelleh.
The development company Red Sea Power is backed by a consortium of investors, including the Africa Finance Corporation, Dutch bank FMO, Climate Fund Managers, and Great Horn Investment Holding.