Djibouti: Construction under way at first utility-scale IPP

Construction got under way in January at a 60MW wind farm in the Goubet region near Lake Assal. Africa Finance Corporation (AFC), Climate Fund Managers (CFM), the Netherlands’ FMO and Djibouti Ports and Free Zones Authority’s Great Horn Investment Holdings (GHIH) announced on 12 February that they were using bridge financing to speed up development, an approach AFC has also taken with the 44MW Singrobo-Ahouaty hydropower project in Côte d’Ivoire.