Among these, solar energy emerges as a beacon of hope, poised to transform Ethiopia''s energy landscape and drive socioeconomic development. Significantly, the country has relied heavily on hydropower, which accounts for more than 90% of its electricity generation.
Located in the Tigray Regional State, this 100MW solar power project is set to produce 260GWh of energy annually, reducing reliance on fossil fuels and advancing Ethiopia’s sustainable energy goals. With an estimated cost of $105.58 million, the project will operate under a Build-Operate-Transfer (BOT) model for 20 years.
By improving energy access, solar energy can stimulate local economies, enhance educational opportunities, and improve healthcare services, thereby contributing to overall development. Moreover, the transition to solar energy aligns with Ethiopia''s ambitious climate goals.
She mentioned that the country''s focus is on the solar energy sector, where Ethiopia is investing 300 million USD in a project aimed at generating 300 megawatts of solar energy. It does not only support the country''s renewable energy goals but also contributes to reducing carbon emissions and promoting sustainability, she said.
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Free QuoteThe ‘Ethiopia: Off-Grid Renewable Energy Program’ aims to increase sustainable energy access in Ethiopia, specifically for off-grid communities. It collaborates with the Development Bank of …
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