News
22 May 2020

Engie’s Grand Bara solar project approved by Djibouti

In:
Renewable energy
Region:
Middle East & Africa

The Djiboutian government has approved and validated the €360 million Grand Bara solar photovoltaic power project.

The plant will be developed, built and operated by the French energy company Engie as part of a public-private partnership. It is being developed by Djibouti Wind Company, a special purpose company owned by four partners: Africa Finance Corporation; Climate Fund Managers, Great Horn Investment Holding, and the Dutch development bank FMO.

The preliminary phase of the project will have a capacity of 30MW and aims to increase the power supply in order to meet the electricity demand of the country. The energy produced will be fed into the grid of the state-owned company Electricité de Djibouti.

You might also like


Perspective
27 February 2026

Cabo Verde proves African airports are no longer peripheral

Rising investor confidence and a new focus on sustainability are redefining aviation finance in Africa. Thanzi Ramukosi, an investment specialist at Ninety One, which manages...

Perspective
05 March 2026

Afreximbank: Preferred creditor questions for smaller MDBs

When is a DFI preferred creditor not a preferred creditor? A messy restructuring and a ratings downgrade for Afreximbank could hammer smaller development banks’ cost of...