Djibouti invites German firms to invest in renewables
By the AFREEQUE newsroom, based on ADI
Djibouti’s Energy Minister, Djama Mohamed Hassan, invited German companies to invest in geothermal, wind and solar power. He notably presented the 50 MW solar project in Grand Bara and the Lake Assal geothermal potential of more than 1,000 MW during a meeting with German ambassador Frank Neumann, according to the ADI.
Djibouti’s Energy Minister, Djama Mohamed Hassan, invited German companies on Wednesday 28 October to invest in geothermal energy and solar projects in Djibouti during a meeting with Germany’s new ambassador, Frank Neumann, the ADI reports. The minister notably mentioned the projects at the Damerjog industrial park and promised German investors support from his department.
Djama Mohamed Hassan presented three projects: a 50-megawatt photovoltaic solar plant in Grand Bara, geothermal exploration at Lake Assal, whose potential is estimated at more than 1,000 MW, and a second electricity interconnection line with Ethiopia. The minister also said that sector reforms had opened electricity production to independent producers.
Djibouti’s energy mix currently relies on thermal power, wind power and imports of Ethiopian hydroelectricity. The government is seeking energy security and sovereignty to support industrialisation. The two officials also discussed solar, wind, tidal energy and the storage of intermittent energy.
Frank Neumann expressed his desire to strengthen cooperation, particularly in geothermal energy, and agreed to visit the Djiboutian Office for Geothermal Energy Development. The two sides agreed to meet again soon. The meeting was part of a series of energy discussions held by Djibouti, following those with Turkey on energy investments on 20 October.
