Assela Wind Farm
Powering a greener Ethiopia
Iteya, Ethiopia · $31.7M raised
- Headquarters
- Iteya
- Business Model
- B2G
- Total Funding
- $31.7M
- Last Round
- $31.7M Grant
- Rounds
- 1
About
Assela Wind Farm is a 100-megawatt renewable-energy project near Iteya in Ethiopia's Oromia region. Ethiopian Electric Power developed the project with Danish government financial support, while Siemens Gamesa received the turnkey EPC contract in 2021. The 29-turbine installation was designed to diversify Ethiopia's electricity supply away from hydropower and provide roughly 300 GWh of annual generation once fully operational.
Summary
Assela Wind Farm is an Energy company based in Iteya, Ethiopia. It has raised $31.7M in total across 1 round. Investors include IFU and Danske Bank.
Funding History
Unknown
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Grant through Debt Financing — per-round amounts, valuations, and who invested in each round.
Investors
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