Djibouti is a country with a population of approximately 950,000 and is located on the Red Sea in the Horn of Africa. The country heavily relies on imported fossil fuels and electricity from Ethiopia to meet its energy needs.
The Project consists of the design, development, funding, construction and management of an onshore wind project. The project is expected to enter operations in 2022.
Our Development Partner 

Africa Finance Corporation (as the lead Developer), FMO and Great Horn Investments Holdings.

We Invest 

USD 1.4

Development Funding

USD 25

Expecetd Construction Equity Funding 

Estimated Project Impact
  • 60 MW  additional capacity
  • 269 GWh/year clean electricity
  • 151 447 tCO2eq/year emissions avoided
  • 300 construction jobs 
  • 314 108 people reached 

Funding Rationale 

The government of Djibouti aims to develop country’s domestic renewable energy resources to diversify and reduce dependence on imported oil products and increase share of renewable energy in its overall energy generation mix.
CI1 has provided USD 1.4 million development funding to the Red Sea Wind Project in order to develop the 59.8 MWs.
Contract Signature

February 2019

Expected Commercial
Operations Date






Business Model 




Environmental & Social Category




E&S Context

The environmental and social risk (“E&S”) of the project has been classified as category B+ (in accordance with CI1’s risk categorisation) which is equivalent to International Finance
Corporation (IFC) Category B.
The main E&S impacts and risks relate to community and occupational health and safety during of the access road and biodiversity protection. The Project has triggered IFC Performance Standards (PS) 1-6. There are no indigenous peoples (IFC PS7) in the project area of influence and IFC PS8 (cultural heritage) is not triggered beyond the standard ‘chance find’ procedural requirement.
An ESIA (including an ESMP) has been prepared in line with the IFC Performance Standards. Dedicated community liaison is ongoing and a community development action plan is in place.