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Africa Renewables: Ethiopia Issues Tender for Solar Plants
In Ethiopia, the Ministry of Energy launched a call for tenders for the installation of six large-scale solar power plants. The plants would have a combined capacity of almost 800 MW and be located in the states of Afar, Somali, Oromia and Tigray.
The solar plants are being developed as part of a public-private partnership at an estimated cost of approximately $795 million, which will be partially funded by the government.
These projects are being developed in collaboration with the Scaling Solar program of the International Finance Corporation, a member of the World Bank Group.
The objective of this project is to accelerate the establishment of solar power plants by providing guarantees and financing to investors to reduce the risk of financing.