The wind power project, which required investment of $290 million, was financed with concessional loans from French BNP Paribas and the French Development Agency (AFD). The Ethiopian government funded 9 percent of the amount.
Construction on the 84-turbine wind park at Ashegoda in Ethiopia’s northern region of Tigray was initiated in 2009 and was initially scheduled to be completed in 2011. However, completion was delayed due to logistical issues. The wind farm is expected to generate about 400 million kWh of power annually.
Currently, Ethiopia generates most of its electricity from hydropower stations.