A consortium led by Enel Green Power has been selected as the preferred bidder for a 100 MW solar project in Metehara. The consortium will be investing approximately 120 million US dollars in the project. Ethiopia has all the potential to become a key market for Enel’s strategy in Africa due to its plentiful renewable resources, stable regulatory framework and electrification needs.
The Danish Minister for Development Cooperation, Ulla Tørnæs, and the Ethiopian Minister of Water, Irrigation and Energy, Dr. Seleshi Bekele Awulachew, have signed an agreement expanding the Danish-Ethiopian strategic sector cooperation and partnership on energy to the end of 2020. The programme “Accelerating Wind Power Generation in Ethiopia” supports the capacity building of the Ethiopian energy sector to a gradual transition to wind energy. Ethiopia is a P4G-partner and the Ethiopian Minister of Water, Irrigation and Energy and the Ethiopian president is in Denmark to participate in the P4G-summit.
Ethiopia and Denmark have signed a loan agreement where the later will provide finance in order of USD 201 million for the construction of the Assela Wind Farm. The agreement was signed this week between Ambassador Mette Thygesen of Denmark and Admasu Nebebe, state Minister of Finance and Economic Cooperation (MoFEC). The USD 201 million in finance will be provided by the Danish International Development Agency which will be directly injected to Assela wind farm project. Once it is completed, Assela wind farm is expected to generate 100 MW power and its construction is expected to commence as of this year and will last until 2025.
(Ministry of Foreign Affairs of Denmark/08 May 2018)
With a commitment of 600 million DKK, the government has made an extraordinarily large investment in the development of wind energy in Africa. Minister for Development Cooperation Ulla Tørnæs has approved a Danish co-financing of 600 million DKK for the construction of a wind farm up to 54 turbines, or 100 MW, close to Ethiopia's capital Addis Ababa. The total investment in the wind farm amounts to 1.26 billion DKK, of which Danida Business Finance contributes 600 million DKK. The project will be tendered among Danish companies. "The private sector’s involvement is crucial for development projects in Africa to be sustainable in the long term. Danida Business Finance makes it possible to implement public infrastructure projects in countries where it is difficult to attract financing on market terms. In this way, Denmark supports developing countries’ investments in growth creating solutions" says Minister for Development Cooperation, Ulla Tørnæs.