Business Related Press Release:
Terra Global Energy Developers, LLC (Terra), the first US wind energy developer to enter Ethiopia’s growing wind energy sector, today announced the launch of a 400 MW wind energy project in Debre Birhan, Ethiopia. Located approximately 75 miles north of the capital Addis Ababa, the project is being developed on a build and transfer basis for the Ethiopian Electric Power Corporation (EEPCo), the national utility. Construction of the project is planned to begin in 2014. “We are very pleased to have launched this project for the Ethiopian Electric Power Corporation, especially as the first US developer to enter Ethiopia’s growing wind sector,” said Dereje Abebe, CEO of Terra. “The Debre Birhan Wind Project will create jobs, increase electrification, and help power economic growth with clean and sustainable wind energy. Ethiopia has the wind and hydro resources to become Africa’s ‘powerhouse’ for renewable …