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IFC to invest on 500MW solar power

Amid budgetary support, the World Bank Group (WBG) has approved a commitment of USD 1.2 billion to Ethiopia this week, the International Finance Corporation (IFC) – the private sector arm of the WB – said that it is working on a solar power program that will help generate 500 megawatt of electricity in the country.

HelloSolar, BelCash to introduce solar home system 

With Ethiopia moving to a strategy which helps embrace the wisdom of solar energy within the country and play catch-up to successes achieved in neighboring nations such as Kenya and Rwanda; HelloSolar in partnership with BelCash – the mobile banking platform system – is set to introduce a pay-as-you-go system for the nation’s off-grid population with affordable solar home system.

Global investors show interest in Solar

Lighting Africa–part of World Bank’s efforts to developing a commercial off-grid lighting market in the continent–held its second Lighting Africa/Ethiopia off-grid gathering at Intercontinental Hotel, in the capital, on Thursday.

Sunshine to have stake in greening economy

Samuel Tafesse of Sunshine Construction and one of Ethiopia’s most successful businesspersons is set to build a solar park in Ethiopia. This follows the announcement made last year by Enel, an Italy-based corporation, of its intention to build a USD 120-million 100 megawatt solar park in collaboration Orchid Business Group.

Enel Green Power, Orchid win 100MW solar power plant bid

Enel Green Power, a leading European renewable energy developer, and its local partner in Ethiopia, Orchid Business Group, have won the bid put up by Ethiopian Electric Power to build a 100MW solar power plant in Metehara town, Oromia Regional State.

Unchartered waters: Public Private Partnerships

Ethiopia’s experimentation with developmental state model has been under the spotlight for more than a decade now. Over the years, debates have moved from delivering the needed development outcomes to that of sustainability; especially in terms of financing.