Project detail - Djibouti Wind LP

Djibouti Wind LP

Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at


The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

FMO’s investee company is a special purpose vehicle, Djibouti Wind LP, with the sole objective to construct and operate a 60 MW windfarm in the Ghoubet area, near Lake Assal, Djibouti (the Project).

What is our funding objective?

FMO’s funding will be used for the construction of the Project for a total amount of more than USD 100mln. FMO will invest ca. USD 25mln in the Project; partner investors will fund the remainder. The Project will sell its electricity under a Power Purchase Agreement (PPA) to Electricite de Djibouti, the Djibouti state-owned utility. Please note, FMO has already funded ca. USD 1mln to finance the development phase of the Project. Development has now been finalized and construction will commence.

Why do we fund this investment?

The Project fits well with FMO’s strategy and focus on renewable energy: (i) it is a renewable energy project that will increase the share of renewables in Djibouti’s energy mix, to date completely based on fossil fuels, (ii) the Project will increase the share of Djibouti’s own generation, improving the country’s energy self-reliance and reducing energy costs, (iii) FMO’s funding is highly additional, since providing construction and development funding is very scarce in Djibouti and (iv) it is the 1st Independent Power Producer (IPP) in Djibouti (LMIC income class) representing an opportunity for FMO to support the Djibouti government’s renewable strategy by providing expertise and guidance in the energy IPPs financing and execution.

What is the Environmental and Social categorization rationale?

The Environmental and Social (E&S) risk categorization is Category B+.

More investments

Date Total FMO financing
12/19/2019 USD 10.90 MLN
Publication date
Effective date
Total FMO financing
USD 12.89 MLN
Building Prospects
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)