AMEA Power secures agreements for 300MW wind project in Ethiopia

ETHIOPIA – AMEA Power, a Dubai-based renewable energy developer, has finalized key agreements to develop a 300 MW wind energy project in Ethiopia.

The company has signed a Power Purchase Agreement (PPA) with Ethiopian Electric Power, an Implementation Agreement (IA) with Ethiopia’s Ministry of Finance, and a Land Lease Agreement with the Somali Region State Government. These agreements mark a crucial step toward implementing the project.

The wind farm in Aysha, Somali Region State, will require an estimated US$620 million investment. Once operational, it is expected to generate around 1,400 GWh of clean energy annually, enough to power over 4 million households.

The project will also contribute to Ethiopia’s energy diversification and help offset 690,000 tonnes of carbon dioxide emissions annually.

“The 300 MW Aysha-1 Wind Project is a significant milestone for AMEA Power as we finalize the PPA and IA in Ethiopia. This will be the largest wind farm in the Horn of Africa, setting a new standard for project-financed renewable energy in the country,” said Hussain Al Nowais, Chairman of AMEA Power.

He added, “This project is not just about energy; it’s a step towards a greener future for Ethiopia. We are eager to continue working with our partners and stakeholders.”

The wind project was officially launched at COP28 in Dubai, where a Letter of Award (LOA) was signed between the Ministry of Finance, Ethiopian Electric Power, and AMEA Power. This followed AMEA Power’s qualification under Ethiopia’s Public Private Partnership laws.

In line with its commitment to socio-economic development, AMEA Power plans to work closely with local communities and will launch social initiatives under its ‘Community Investment and Development Programs.’ These initiatives will focus on education, water access, and other key areas.

In a related development, AMEA Power recently commenced construction on a 24 MWp solar photovoltaic (PV) project in Uganda.

The groundbreaking ceremony, attended by Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu, took place in Ombachi village, Madi Okollo District, about 450 km from Kampala.

The project is being developed by Ituka West Nile Uganda Limited, a subsidiary fully owned by AMEA Power.

These projects underscore AMEA Power’s expanding renewable energy footprint across Africa, which is driving environmental sustainability and socio-economic growth.

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