March 3, 2024
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OIL & GAS RENEWABLE ENERGY

Ethiopia Signs $600 Million Deal with UAE’s AMEA Power for 300MW Wind Farm

Ethiopia has entered into a $600 million agreement with the United Arab Emirates’ AMEA Power for the construction of a 300-megawatt wind farm.

The Aysha wind farm, set to be Ethiopia’s largest upon completion, aims to enhance electricity coverage in the country, where approximately 60 million people currently lack access to the grid, according to Reuters.

The project, spanning 18,000 acres, is expected to create 2,000 jobs during both the construction and operational phases. Ethiopia, with a focus on renewable energy, is striving to address its power challenges, with the World Bank noting a 50% electricity coverage in 2020.

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