U.S. and Ethiopia to cooperate on renewable energy development
Banks at Omo River in Southern Ethiopia (source: flickr/ CharlesFred, creative commons)
Alexander Richter
6 Haz 2014
Ethiopia has great potential for renewable energy and the US will be providing the financing for future projects since this is one of the key impediments in development.
In a recent press release, the US has declared its intent to cooperate with Ethiopia on renewable energy projects.
According to the news source, “the country’s Energy Secretary, Ernest Moniz talking to Premier Hailemariam Desalegn in Addis Ababa, at AU Headquarters said that Ethiopia will be exemplary to Africa allowing the private sector participate in renewable energy production.”
The Energy Secretary made a further remark, stating that both countries have successfully performed several development projects carried out in cooperation. The same source says that “The United States will continue working in providing finance which is the impediment for the private sector participate in renewable energy production.” Moniz said.
One last statement reveals that Ethiopia has the capacity to generate 37.000 MW of energy from water, wind, solar and geothermal sources by 2037.
Source: All Africa Website
