Energy program aims to boost Ethiopia’s renewable sector

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A program aimed at engaging in dialogue with government and private institutions in Ethiopia to build a fair business environment for implementation of renewable energy projects was launched in Ethiopia this week.
The Renewable Energy Solution for Africa (RES4Africa) Ethiopia program launch event and meeting that was held at the Sheraton Addis Hotel on Tuesday and Wednesday underlined the need for government to put on more focus on accelerating renewable energy projects in the country.
“The most important value added by RES4Africa is that we have an international benchmarking because we are working in many African countries including Morocco, Algeria and South Africa,” RES4Africa President, Antonio Cammisecra said during the meeting.
He further said that Ethiopia is a dynamic and rapidly changing market with tremendous renewable energy potential. “That is why we are in Addis Ababa. We envision to play an important role in Africa’s renewable energy potential, today and in the future. This implies sharing energy strategies building true partnerships with local institutions, in particular on solar, wind and geothermal energy,” Cammisecra pointed out.
Speaking at the event was also European Ambassador to Ethiopia Joham Borgstam who stated that access to reliable and environmentally sustainable energy is fundamental for the economic development of Ethiopia and the realization of its ambitious strategy for development of industrialization.
During the discussions, it was stated that Ethiopia’s increasing demand for energy can be met with renewable energy, in particular hydro, geothermal and wind energy. Enabling access to electricity in the country’s predominantly rural areas is crucial to improve livelihoods and to foster business creation in a sustainable, reliable and cost-efficient way.
It was further stated that Ethiopia aims to install 13 GW new capacity between 2018 – 2025, mostly for hydro, wind, geothermal and solar PV. To reach this, the involvement of the private sector is crucial and needs to be encouraged, it was said.
RES4Africa also signed a Memorandum of Understanding (MoU) with the Ministry of Industry to formalize cooperation on potential renewable energy solutions for integrated agro-industrial parks in Ethiopia.