Ethiopia’s Ministry of Foreign Affairs announced that the Ethiopian Embassy in Tel Aviv and Israeli businesses discussed a new solar energy generation investment plan in Ethiopia.
According to the Ethiopian Ministry of Foreign Affairs, during the discussion Representatives from the “10 Green Gigawatt for Ethiopia” program presented their investment strategy for establishing an Ethiopian engineering firm with Israeli funding.
During the meeting, H.E. Reta Alemu Nega, Ethiopia’s Ambassador to Israel, outlined Ethiopia’s legal framework for foreign investment and emphasized that Ethiopia has enormous renewable energy resources that should be explored to help Ethiopia thrive.
On his part, Mr. Mikael Alemu, CEO of the “10 Gigawatt Initiative,” gave a presentation on the group’s projects. He went over the business plan for the “10G Premium Solar” engineering firm, which will primarily focus on the agriculture, health, tourist, and manufacturing sectors, with projects ranging from 50 kilowatts to 5 megawatts.
The company plans to promote local Ethiopian manufacture and assembly of solar components, establish local workshops, and strengthen local professional skills in areas of solar energy, according to the Ethiopian Ministry of Foreign Affairs.
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