MARKET / ETHIOPIA
#8Continent rank
27Deals tracked
$4,602mCapital tracked
21,525 MWPipeline
5,304 MWOperational (tracked)
6,345 MWInstalled RE (2024, IRENA)
57%Electricity access (2024, World Bank)
$126.4bnGDP (2025, World Bank)
2.64%RE capital / GDP (12M)
Market primer
structure, counterparties and bankability context| Region / power pool | Eastern Africa · EAPP |
| Main offtaker | Ethiopian Electric Power |
| Regulator | Petroleum and Energy Authority |
| PPA framework | Not yet researched |
| Currency / convertibility | ETB · Not yet researched |
| GDP per capita | $933 (2025, World Bank) |
| Sovereign ratings | Moody’s — · S&P — · IMF DSA — |
| Last updated | pending |
Installed renewables
2015–2024, MW (IRENA)Deals
every row source-linkedProject pipeline
Tariffs & policy
| Date | Program / deal | US¢/kWh | Conf |
|---|---|---|---|
| 2025-10-29 | Cryptocurrency Mining Tariff Reform (Baseline) | 4.00 | B |
| 2025-10-29 | Cryptocurrency Mining Tariff Reform (Peak Hours) | 6.00 | B |
| 2026-07-17 | US AD/CVD Circumvention Investigation on Ethiopian Solar Cells US Department of Commerce |
| 2026-07-01 | National Electrification Programme (NEP) Phase III Ministry of Water and Energy (Ethiopia) |
| 2026-07-01 | National Electrification Programme (NEP) Phase III Ministry of Water and Energy (Ethiopia) |
| 2026-06-01 | Local contractor participation plan Ministry of Urban and Infrastructure |
| 2026-05-26 | National Energy Policy 2026 Ministry of Water and Energy; Council of Ministers |
| 2026-05-25 | National E-Mobility Strategy and Implementation Framework Government of Ethiopia |
| 2026-03-23 | Directive 1064/2025 Amendment Ministry of Finance |
| 2026-03-23 | Investment Incentive Directive EIC |
| 2026-03-23 | National Energy Compact Ministry of Water and Energy |
| 2026-03-11 | National Energy Compact Government of Ethiopia; World Bank |
| 2026-02-17 | Investment Incentive Framework Operational Directive Government of Ethiopia |
| 2026-02-15 | National Nuclear Programme Infrastructure Development Ethiopian Nuclear Energy Commission (ENEC) |
| 2025-10-29 | National Energy Compact – Ethiopia (2024–2030) MoWE; EEP; EEU; MoF; PEA; EIH; CDMU; NECSC |
| 2025-10-29 | Draft Investment Incentive Regulation Ministry of Finance, Government of Ethiopia |
| 2025-10-29 | Cryptocurrency Mining Tariff Reform Ethiopian Electric Power (EEP) |
| 2025-10-15 | Green Skills and Renewable Energy TVET Integration Strategy Ministry of Labour and Skills |
| 2025-09-24 | Tariff revision for off-grid solar power & partnership with International Solar Alliance Ministry of Water & Energy; Ethiopian Electric Utility; International Solar Alliance (ISA) |
| 2025-06-03 | Draft Water and Energy Policy Ministry of Water and Energy (Ethiopia) |
Recent coverage
from the archive| 2026-07-17 | US will investigate solar cells from Ethiopia for potential tariff circumvention The US tariff circumvention probe directly threatens Ethiopia's emerging solar manufacturing hub, specifically Toyo Solar's 4 GW plant, by potentially applying retroactive duties on its US exports. |
| 2026-07-17 | Ethiopia’s largest wind power project advances following $110 million AfDB funding approval AfDB's $110 million approval for the $508 million Aysha 1 project marks a critical step for Ethiopia's first utility-scale private wind IPP, establishing a template for future private energy investments under the country's revamped PPP framework. |
| 2026-07-17 | ET: AfDB Approves US$110 Million for Ethiopia’s Largest Wind Power Project The African Development Bank (AfDB) Group has approved a financing package of up to US$110 million to support the development of Ethiopia’s first Confirms AfDB's $110M approval for Ethiopia's Aysha 1 wind IPP, already logged with more detail (300MW capacity, project name) from prior coverage — no new data here. |
| 2026-07-17 | The African Development Bank Group has approved up to 110 million US dollars for Ethiopia’s 300 MW Aysha Wind Project, the country’s first privately developed wind power plant. The project forms part of a 508 million US Secondary repost of the AfDB approval already logged from AfDB's own press release; no new registry-grade data. |
| 2026-07-17 | African Development Bank Approves $110 Million for Ethiopia’s Largest Wind Power Project AfDB's board approval confirms the $110m concessional tranche (AfDB/CTF/SEFA) for Ethiopia's first wind IPP and reveals the full $508m capital stack, including $381.1m still to be mobilised from other DFIs before financial close. |
| 2026-07-17 | News: AfDB approves $110 million for Ethiopia’s first private 300 MW wind power project Confirms AfDB's $110m commitment to Ethiopia's first private wind IPP (Aysha 1, 300MW) — re-reports ground already logged from the prior day's coverage, no new terms. |
| 2026-07-17 | AfDB Approves $110m for Ethiopia's First Independent Wind Power Project #EBR_News Jul 17, 2026 The African Development Bank Group (AfDB) has approved a financing package of up to US$110 million for the 300-megawatt Aysha AfDB's $110m board approval (part of a $508m package) financial-closes the debt anchor for Ethiopia's first privately-developed wind IPP, a template AMEA Power and other DFIs can replicate for the country's next wave of IPP wind/solar. |
| 2026-07-16 | Kenya to pay higher tariffs for Ethiopian electricity under renewed deal Kenya Power's forced reliance on costlier Ethiopian imports — a direct consequence of its 2018 IPP moratorium — pushes its import tariff to ~15.5c/kWh a year ahead of schedule, signalling EEU's rising pricing leverage as Kenya's cheapest domestic-generation alternative stays blocked. |
| 2026-07-16 | African Development Bank Group approves $110 million for Ethiopia’s first 300MW independent wind power project disclosed size $110 million; capacity 300MW; builds on prior coverage — trace "independent" in Storyline for the history |
| 2026-07-14 | Kenya vs South Africa: What the Ethiopian Power Deal Teaches Eskom About Grid Sharing builds on prior coverage — trace "Sharing" in Storyline for the history |
| 2026-07-14 | Kenya-Ethiopia Power Deal Connects 10,000 New Customers Amid Regional Grid Integration builds on prior coverage — trace "Connects" in Storyline for the history |
| 2026-07-14 | Last week, our partners at CLASP announced a significant milestone: 19 companies across Ethiopia, Kenya, and Nigeria will receive a combined USD 1.5 million to scale productive-use solar technologies—solutions that do mo disclosed size USD 1.5 million; builds on prior coverage — trace "CLASP" in Storyline for the history |
| 2026-07-13 | A rewarding day of knowledge sharing and industry collaboration in Ethiopia! We upskilled local solar technicians via interactive technical sessions and on-site simulations. The training focused on solar system installat builds on prior coverage — trace "knowledge" in Storyline for the history |
| 2026-07-10 | Ethiopia attracted a record $4.32 billion in Foreign Direct Investment (FDI), up 8% from the previous fiscal year, as sweeping economic reforms and renewable energy investments boosted investor confidence, according to t Ethiopia's record FDI inflow highlights the impact of recent macroeconomic reforms on investor sentiment, though the renewable energy component remains an aggregate figure rather than a specific project transaction. |
| 2026-07-08 | Ethiopia: EPC contracts signed for transmission works builds on prior coverage — trace "contracts" in Storyline for the history |