Browsing: AMEA Power

AMEA Power

Dubai’s AMEA Power invests $620M in Horn of Africa’s largest wind farm

Sustainability
  • The 300MW wind farm will be financed, built, and operated by AMEA Power under a 25-year power purchase agreement with Ethiopian Electric Power.
  • Covering an area of 18,000 hectares, this project is expected to generate 1,400GWh of electricity.
  • Dubai-based renewables developer AMEA Power has been involved in several notable projects across Africa.

Ethiopia is on a path to hosting the Horn of Africa’s largest wind farm. This comes after the country signed an agreement with Dubai-based renewables developer AMEA Power to construct the energy plant in Somali Province, situated to the East of the continent’s second most populous country.

At an estimated cost of $620 million, Aysha Wind Power Project will not only bolster Ethiopia’s energy capacity but also mark a giant step towards sustainable development in the Horn of Africa region.

The letter-of-award for this monumental project was signed by Ahmed Shide, Ethiopia’s Finance Minister, and AMEA Power’s representatives …

Climate Action: Billion-Dollar Pledges to Aid Africa’s Battle

Investing
  • Oil-rich UAE will provide $4.5 billion, drawing contributions from both the public and private sectors.
  • In Nairobi, the US has pledged an annual commitment of $3 billion to bolster climate adaptation initiatives.
  • The European Commission unveiled a €1 billion ($1.07 billion) fund designed to de-risk green bonds and attract private investments in emerging markets.

The US and the United Arab Emirates (UAE) have stepped up their support for Africa’s climate action efforts with multi-billion-dollar pledges during the inaugural Africa Climate Summit in Nairobi.

The commitments come at a crucial time as Africa grapples with the severe impacts of industrial pollution, with 17 out of the 20 worst-affected countries calling the continent home.

US Unveils PREPARE: $3 Billion Annual Commitment

John Kerry, US Climate Envoy, unveiled President Joe Biden’s Emergency Plan for Adaptation and Resilience (PREPARE), signaling Washington’s strong commitment to climate adaptation across countries. Under PREPARE, the US has pledged …