Denmark to help finance 100MW of Ethiopian wind power



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Denmark will co-finance a 100MW wind project in Ethiopia to the tune of €80m ($94.4m).

The finance will cover roughly half the investment needed to build the Assela wind farm, close to Ethiopia’s capital of Addis Ababa and scheduled for commissioning in 2021.

It will come from Danida Business Finance (DBF), an arm of the Danish ministry of foreign affairs providing funding for major infrastructure projects which support UN world development goals.

Ethiopian Electric Power will be responsible for tendering for the 54-turbine project, supported by a DBF consultant, with contracts due to be awarded in November this year.