AMEA Power, a UAE-based renewable energy developer has signed a long-term PPA with the national utility of Djibouti for a 25 MW solar PV plus battery storage unit.
AMEA Power announced the signing of the power purchase agreement (PPA) with Electricité de Djibouti (EDD),recently. The signing ceremony, was attended by the Minister of Energy and Natural Resources of Djibouti, which is located on the East Coast of Africa. The firm said, “AMEA will develop the project in the Grand Bara desert region under a build-own-operate and transfer (BOOT) model.”
The firm said the project is expected to generate 55 GWh of energy annually. It also said that it would be the first solar independent power project (IPP) in the country, though didn’t give an expected commercial operation date (COD).
The Sovereign Fund of Djibouti (FSD) will be joining the project as a minority shareholder before it reaches financial close, said the statement.
Hussain Al Nowais, Chairman of AMEA Power, said, “AMEA Power is proud to reach this milestone and to be supporting Djibouti in its energy transition journey. East Africa is an important market for AMEA Power, as it is a region with immense potential for the development of clean, reliable, and affordable energy The country is aiming to reduce its CO2 emissions by around 40% by 2030.”
This is the second sizeable energy storage project announced after vertically integrated solar PV manufacturer Jinkosolar announced the delivery of a 1.1MWh battery storage system for an off-grid PV system.
