TOYO Co., Ltd To Scale Up Ethiopia''s Solar Power; Aiko Energy
TOYO Co., Ltd, a leading solar solutions provider, is expanding its solar cell production capacity in Ethiopia to meet the growing global demand for its products. The
Located in the Tigray Regional State, this 100MW solar power project is set to produce 260GWh of energy annually, reducing reliance on fossil fuels and advancing Ethiopia's sustainable energy goals. With an estimated cost of $105.58 million, the project will operate under a Build-Operate-Transfer (BOT) model for 20 years.
It also found that the main applications of solar energy in Ethiopia are dominated by telecommunications, water pumping, public lighting, agriculture, water heating, and grain drying.}, year = {2023} AB - Ethiopia is endowed with abundant solar renewable energy resources, which can meet the ambitions of nationwide electrification.
She mentioned that the country's focus is on the solar energy sector, where Ethiopia is investing 300 million USD in a project aimed at generating 300 megawatts of solar energy. It does not only support the country's renewable energy goals but also contributes to reducing carbon emissions and promoting sustainability, she said.
Within the emerging Ethiopian PURE market, solar water pumps (SWPs) are the leading PURE technology and are sold by 90% of PURE businesses. SWPs and other solar irrigation equipment show significant market potential, with studies indicating that they can irrigate 6,800 hectares and service over one million farmers.
PDF version includes complete article with source references.
Get specifications and technical data for our MW-scale energy storage and PV integration solutions.
45 Energy Innovation Park
London WC2H 8NA, United Kingdom
+44 20 7783 1966
Monday - Friday: 8:00 AM - 6:00 PM GMT