Red Sea Power, the owner of the Ghoubet wind farm, starts off in the red
On 19 October, the Djibouti company Red Sea Power, owner and operator of the Ghoubet wind farm, confirmed, filed and certified its accounts for the year 2021.
The bank has provided a $100.81 million guarantee for a wind farm in Djibouti through the Mauritian-registered Djibouti Wind Co. The Djiboutian sovereign wealth fund Great Horn Investment Holding is financing the project, together with the Africa Finance Corp, Dutch development bank FMO and the Climate Fund Managers fund.
Following the funeral of the chairman of the Port of Djibouti authority Saad Omar Guelleh, half-brother of head of state Ismaël Omar Guelleh, Aboubaker Omar Hadi, head of the Djibouti Ports & Free Zones Authority, is steadily becoming the sector's strong man.