DJIBOUTI CITY, SkyPower, a leading developer and owner of utility-scale solar photovoltaic (PV) energy projects, has signed a landmark agreement with Djibouti for the development of 200 MW solar projects to be built in four phases over the next four years.
The 200 MW solar project will represent an estimated investment of $440 million which also includes corporate social responsibility investments of $11 million toward education, training, research and development in Djibouti, said a statement.
Kerry Adler, president and chief executive officer, said: “Africa has become a global hub for the growth of clean, renewable energy, and many visionary leaders of African countries are making the decision to harness the power of the sun to create a brighter future for the citizens of their countries.
“Through this agreement, SkyPower will work hand in hand with the Republic of Djibouti to support the development of the country’s renewable energy industry and achieve the goal of developing a stronger economy and opportunities for the citizens of Djibouti.”
TradeArabia News Service
