{"id":94895,"date":"2024-08-19T00:00:00","date_gmt":"2024-08-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/amea-signs-ppa-for-ethiopian-wind-farm\/"},"modified":"2024-08-19T00:00:00","modified_gmt":"2024-08-19T00:00:00","slug":"amea-signs-ppa-for-ethiopian-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/","title":{"rendered":"Amea signs PPA for Ethiopian wind farm"},"content":{"rendered":"

Amea + Ethiopia to develop USD 620 mn wind farm in the Horn of Africa:<\/strong> Renewables firm Amea<\/a>Power<\/a> has signed a power purchase agreement (PPA) and an implementation agreement with Ethiopian Electric Power<\/a> to develop and operate the USD 620 mn, 300 MW Aysha 1 wind energy plant in Ethiopia, according to a statement<\/a>. 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. <\/p>\n

Months in the making: <\/strong>Amea signed an agreement with Ethiopia\u2019s Finance Ministry in December 2023<\/a> to build the Aysha wind farm. The timeline on when construction would begin on the plant was not provided. <\/p>\n

Amea recently broke ground on two renewables plants in Africa: <\/strong>Amea Power has broken ground on the 24 MWp Ituka solar PV plant in the West Nile region in Uganda earlier this month<\/a>. It also held a two-day public consultation for its 125 MW Matambo solar plant in Mozambique a few weeks ago<\/a>, and reached financial close on its USD 120 mn, 120 MW Doornhoek solar energy plant in South Africa in June<\/a>.<\/p>\n

There\u2019s more in the pipeline:<\/strong> Amea Power signed agreements with the governments of Uganda, Djibouti, Mozambique and Zimbabwe to develop renewables projects with a combined 200 MW generation capacity<\/a> at COP28. The firm is also reportedly set to sign a USD 800 mn agreement<\/a> with Geothermal Development Co. of Kenya to develop the 200 MW Baka geothermal energy generation plant in the African country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will be the biggest in the Horn of Africa<\/p>\n","protected":false},"author":1,"featured_media":94896,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1604],"tags":[364,143,7,363,211,623],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-amea-power","tag-energy","tag-enterpriseam-uae","tag-ethiopia","tag-renewables","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"7bf7c6ec-3824-4180-a123-f9eb65ce779d","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1588.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Amea signs PPA for Ethiopian wind farm","related_issue":[94885],"teaser":"The project will be the biggest in the Horn of Africa","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.05502076-a73a-427c-9249-b718556734ad.mp3"},"yoast_head":"\nAmea signs PPA for Ethiopian wind farm - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amea signs PPA for Ethiopian wind farm\" \/>\n<meta property=\"og:description\" content=\"The project will be the biggest in the Horn of Africa\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1588.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Amea signs PPA for Ethiopian wind farm\",\"datePublished\":\"2024-08-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1588.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AMEA Power\",\"energy\",\"EnterpriseAM UAE\",\"Ethiopia\",\"renewables\",\"wind energy\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/08\/19\/amea-signs-ppa-for-ethiopian-wind-farm\/\",\"name\":\"Amea signs PPA for Ethiopian wind farm - 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