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January 18, 2022

Assela 2 Wind Farm Project, Ethiopia

By Carmen

Assela 2 Wind Farm Project is a 150MW onshore wind power project. It is planned in Oromia, Ethiopia. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2023.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Onshore 150 150 Permitting Oromia, Ethiopia Ethiopian Electric Power

Description

The project is being developed and currently owned by Ethiopian Electric Power.

The project is expected to generate 450,000MWh electricity and supply enough clean energy to power 750,000 households. The project is expected to offset 240,404t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $268.971m.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2023.

Contractors Involved

Ethiopian Electric Power is expected to perform operations and maintenance for the wind power project for a period of 5 years.

About Ethiopian Electric Power

Ethiopian Electric Power Corp (Ethiopian Electric Power), formerly The Ethiopian Electric Light and Power Authority, is an electricity company that generates, transmits and distributes electricity. The company generates, transmits and supply power. It maintains the interconnected System and transmits electricity from hydropower plants and wind farms. Ethiopian Electric Power constructs and administrate power generation plants, high voltage and whole sale of electricity. The company owns and operates electric circuit transmission lines and substations. It also operates hydropower projects, wind projects, geothermal projects and transmission and substation projects. The company provide service across Ethopia. Ethiopian Electric Power is headquartered in Addis Ababa, Ethiopia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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