TOYO Co., Ltd To Scale Up Ethiopia''s Solar Power; Aiko Energy
Located at Hall 5, Booth A92, Jinko Solar presents its latest advancements in solar and energy storage solutions, highlighting its continued commitment to Africa''s clean energy...
But our previous study identified that the policy makers in Ethiopia believe that solar is too costly and not a viable option . The current electricity tariff in Ethiopia is highly subsidized and one of the lowest in Africa. The tariff depends on the monthly energy consumption and varies among user classification.
As a signatory to the Paris Agreement, Ethiopia is committed to reducing greenhouse gas emissions and achieving carbon neutrality by 2030. The deployment of solar energy systems not only helps mitigate climate change but also supports the country's broader sustainable development objectives, including poverty alleviation, and economic resilience.
According to the researches, Ethiopia is blessed with an abundance of sunlight, receiving an average of 5.5 to 6.5 kWh/m²/day throughout the year, This vast solar potential, coupled with declining costs of solar technology, provides a significant opportunity for the country to harness clean energy.
Among these, solar energy emerges as a beacon of hope, poised to transform Ethiopia's energy landscape and drive socioeconomic development. Significantly, the country has relied heavily on hydropower, which accounts for more than 90% of its electricity generation.
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