Djibouti has launched a project to build a 300-megawatt (MW) solar power plant and is planning a 60 MW wind farm as part of an initiative to generate all the tiny nation's power from renewables within five years. A minister of the country stated this today.The solar power plant, which will cost 360 million euros (equivalent to 394 million US dollars), will be built in phases by German firm Green Enesys. Djibouti President Ismail Omar Guelleh laid the foundation stone this week at the Grand Bara plain site, south of the capital,Djibouti. Home to an international port as well as US and French military bases, Djibouti now relies heavily for its power via a link to hydropower plants in neighbouring Ethiopia. It wants to produce all its power from renewables by 2020.Energy Minister Ali Yacoub Mahamoud told Reuters that construction work starts in earnest on the solar plant in the first quarter of 2016, with the first of six phases completed by the end of 2016. Each phase is for 50 MW.