Commercial energy storage project financing options in Ethiopia 2030

Why is the energy sector important in Ethiopia?

As energy is the backbone of industrial development, public investment has focused on developing the energy sector. In addition, to achieve its goal of increasing power generation capacity of Ethiopia four-fold by 2030, the government has called for the participation of the private sector.

Does Ethiopia have an energy access data platform?

Currently, Ethiopia does not have an energy access data platform. Electricity access tracking platform. MoWIE can track and monitor the progress of electrification through OGS in rural areas. Moreover, technical assistance will be extended to MOWIE, Ethiopian Electric Utility (EEU) and cooperatives reporting to the tracking platform.

What support does a solar company need in Ethiopia?

Solar companies also need capacity building support on PAYG, e-waste and local manufacturing, among others. Local manufacturing: The Ethiopia OGS market is heavily dependent on imports. Local manufacturers are very few and those operating in the market are primarily engaged in the assembly of knocked-down components.

What mega-projects are under development in Ethiopia?

Other mega-projects under development include the electric-powered national railway, which covers 4,744 kilometers. In addition, Ethiopia aims to become an Eastern African Power Pool and export power to Kenya, Sudan, Tanzania and Djibouti—more than doubling electricity exports (from 2,803 GWH to 7,184 GWH) by 2030.

What is the future of electricity in Ethiopia?

Demand for electricity is rapidly increasing in Ethiopia—by 30-35% annually. The largest expected increase is projected to come from the industrial sector, with an estimated average annual growth of 11.6% from 2012 to 2030 (from 4.4 billion kWh in 2013 to 31.4 billion kWh in 2030).

Are solar lanterns a good investment in Ethiopia?

Solar potential in Ethiopia is high, with the OGS market thought to be the fifth largest in the world in terms of sales volume and value, and the third largest in Africa in 2018.5 Solar lanterns have seen the highest traction within the SAS sector compared to pico and larger solar home systems (SHS).