Ethiopia Aims for Additional 17 GW of Renewable Energy by 2034

Researched by Industrial Info Resources (Sugar Land, Texas)--Ethiopia Electric Power (EEP) (Addis Ababa) is embarking on a transformative journey in its renewable energy sector, aiming to boost its capacity by 17 gigawatts (GW) by 2034. This significant expansion will be primarily driven by hydroelectric and geothermal projects, underscoring Ethiopia's strategic shift toward sustainable energy.

A cornerstone of this initiative is the Grand Ethiopian Renaissance Dam (GERD), a pivotal project with a planned capacity of 6,450 megawatts (MW), which will play a crucial role in achieving the country's goal of 10 gigawatts of hydropower. In addition to hydropower, Ethiopia is advancing its geothermal potential, especially within the East African Rift Valley, to further diversify its energy mix.

This ambitious expansion is in line with Ethiopia's broader objectives of achieving universal electricity access by 2030 and solidifying its role as a key player in regional energy markets through the Eastern Africa Power Pool (EAPP) and Southern Africa Power Pool (SAPP). By enhancing both domestic supply and regional power integration, Ethiopia is positioning itself to advance energy security and bolster its export capabilities.

Industrial info is tracking 76 capital-spending renewable energy projects in Ethiopia, worth US$34.3 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a list of projects, including the GERD project.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).