Ethiopia’s first wind farm in Mekele
Sector: Wind • Location: France
Source: Proparco Groupe AFD (Agence Française de Développement)
AFD has granted a 45 million euros soft loan to EEP for the construction of the country’s first wind farm in Ashegoda, near Mekele, by the French companies Vergnet and Alstom Wind. The total project cost 231.7 million euros: 130 million euros were provided by a pool of French banks with a Coface guarantee, 40 million euros via a BNP Paribas loan and the remaining 16.7 million euros were financed b
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Description
Description | AFD has granted a 45 million euros soft loan to EEP for the construction of the country’s first wind farm in Ashegoda, near Mekele, by the French companies Vergnet and Alstom Wind. The total project cost 231.7 million euros: 130 million euros were provided by a pool of French banks with a Coface guarantee, 40 million euros via a BNP Paribas loan and the remaining 16.7 million euros were financed by EEP.This wind farm is the first of the country. It is also one of the largest wind farms in Sub-Saharan Africa, with an installed capacity of 120 MW. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Data quality score | 100% |
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