Saudi Arabia's ACWA Power has secured Ethiopia's Gad and Dicheto solar projects after offering Africa's lowest tariff, $0.025/kWh. The rock-bottom price was lower than the viable $0.09/kWh suggested by attendees at this summer's Africa Energy Forum. The two 125 MW solar farms are to be developed in the Somali and Afar regional states. Ethiopia is one of several African countries that have been hit hard by a drop in oil prices since mid-2014.
Saudi Arabia's ACWA Power has secured Ethiopia's Gad and Dicheto solar projects after offering Africa's lowest tariff, $0.025/kWh. The rock-bottom price was lower than the viable $0.09/kWh suggested by attendees at this summer's Africa Energy Forum. The two 125 MW solar farms are to be developed in the Somali and Afar regional states. The Ethiopian government aims to tender 750 MW of solar in its next round.