Market News | Solar Ethiopia 2023

Market News

  • ACWA: Record Bid Wins 250MW Scaling Solar Duo in Ethiopia

    Posted on :Tuesday , 1st October 2019

    Saudi Arabian energy developer ACWA Power has bagged a 250MW duo of World Bank-backed solar projects in eastern Ethiopia.

    The firm was one of five companies that recognised proposals for the projects, after the Ethiopian finance ministry’s public-private partnership directorate general introduced a request for proposals in April.

    The projects are pro. . .

  • Partnership Execute to Raise Fund for Renewables in Africa

    Posted on :Wednesday , 25th September 2019

    A partnership of public and private investors got into an agreement to carry out the first round of equity funding for small and medium-sized (1-10 MW) clean energy plants, originally focusing on Africa.

    Titled Empower Invest, the fund will commit to the know-how and equity to carry out solar PV, small hydro and hybrid plants.

    It will uphold projects that . . .

  • Ethiopia invites 12 international companies to bid in their energy sector

    Posted on :Friday , 14th June 2019

    The Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to be part of power production and operations in the country. This is in order to take the privatization process even further.

    According to the Minister of Finance (MoF), Ahmed Shidie, who presented his Ministry’s 10 month report bef. . .

  • Africa Eyeing To Multiply Solar Capacity Six-Fold By 2030

    Posted on :Thursday , 30th May 2019

    A new report presented by the German Solar Association (BSW-Solar) and the Becquerel Institute has disclosed that with the entry of many international investors and the competion for solar projects, Africa is on track to increase its current solar capacity six-fold or 30 gigawatts (GW) by 2030.

    In Consideration to the Solarise Africa Market Report, the solar potential in Afric. . .

  • Ncondezi and GridX Partner Up to Invest in Africa's Vast Solar Landscape

    Posted on :Wednesday , 24th April 2019

    British based company, Ncondezi Energy entered into an agreement with GridX Africa, a private power producer to form a joint venture which would specialize in installing solar mini grids for businesses and shops acroos Africa.

    This new alliance  emerging in the solar energy sector of Africa aims to conquer the vast potential. . .


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