Ghoubet Djibouti Windfarm Project (MIGA-14303)

  • Djibouti
Where the impacts of the investment may be experienced.
Specific Location
Arta Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 1, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Djibouti Wind LP
The holder of the loan, grant, or other investment.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Aug 19, 2021

Disclosed by Bank Feb 11, 2019

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Project Description

The Ghoubet Wind Project is being developed by a consortium, including African Finance Corporation (AFC), FMO (Dutch Development Bank), Climate Investor One (CIO) and Great Horn Investment Holdings (GHIH). The Consortium has approached MIGA to guarantee their investment in the development of the Project. The Consortium will establish to a Project company to manage construction and operate the Project.

The Project involves the design, construction, operation and maintenance of a 60-megawatt (MW) wind farm in the Arta Region along the border with the Tadjura Region of Djibouti. The 395-hectare Project site is located approximately one kilometer west of Lake Ghoubet, where the N9 and N10 roads intersect. The Project will provide a total 60 MW of generating capacity, through approximately 15 wind turbines, each with a capacity of up to 4.8 MW and 150 m tip height (final number of turbines and turbine capacity will be determined in collaboration with the Engineering, Procurement and Construction (EPC) contractor). Approximately 10 km of access roads will be constructed within the Project area, and during construction, there will be a temporary construction compound with administration buildings and worker accommodation. A temporary concrete batching plant will also be required. Generated electricity will be fed via either above ground collector lines or buried cables to a substation within the Project site. A 230kV overhead transmission line, approximately 3.5 km in length, will be constructed by the Project to connect the windfarm substation to a planned Ghoubet substation (not funded as part of this Project) and the national grid system.

The Ghoubet substation and a double-circuit 230kV transmission Line from the substation to the existing Jaban substation (70 km approximately - near Djibouti City) is being constructed by Electricite de Djibouti (EDD)as part of the overall grid development plan for Djibouti. As the construction of this line is not dependent on the Project, it is not considered an Associated Facility (as defined in Performance Standard 1).

The nearest settlements are Lac Assal (approximately 24 households, 140 residents) located 500m north of the Project and Cite Moumina (approximately 105 households, 640 residents) located 600 m south of the Project. The Project site is rocky and barren with little vegetation and is not used by local communities other than intermittently as part of a migratory route for livestock. There are no Important Bird Areas (IBA) or Protected Areas within the discrete management unit considered for the Project.

The Project is currently in pre-construction phase, and an EPC contractor has yet to be engaged. Construction of the Project is expected to start in mid-2019 and take up to 18 months. It is estimated that the Project will require around 300 people during peak construction and up to 12 during operations.

Investment Description
Private Actors Description

The Ghoubet Wind Project is being developed by a consortium, including African Finance Corporation (AFC), FMO (Dutch Development Bank), Climate Investor One (CIO) and Great Horn Investment Holdings (GHIH)

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Africa Finance Corporation Investor -
- - - - Climate Investor One Investor -

Contact Information

Djibouti Wind Project Consortium
C/O The Project Manager
Africa Finance Corporation
3a Osborne Road, Ikoyi Lagos, Nigeria
+234 1 279 9600 


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