Ethiopia s energy storage needs decrease

Why is energy important in Ethiopia?

Energy is one of the most significant sectors for Ethiopia’s economic growth and development and is expected to increase significantly in the medium run. Ethiopia has abundant renewable energy resources and has the potential to generate over 60,000 megawatts (MW) of electric power from hydroelectric, wind, solar, and geothermal sources.

Can Ethiopia supply a larger economy than today?

Ethiopia could supply a much larger economy than today in the AC, using only twice the energy, were it to diversify its energy mix and implement efficiency standards. In the AC, this diversification comes about as a result of a substantial expansion of geothermal energy along with increased use of oil within industry and for cooking. IEA.

How does low-cost expansion of power generation capacity in Ethiopia affect investment?

Least-cost expansion of power generation capacity in Ethiopia results in investment in hydro, solar, and wind power, as can be seen in Figure 6.3.

Why is energy demand increasing in Ethiopia?

To meet the needs of its growing population, Ethiopia remains a large producer of cement causing energy demand to increase significantly in both scenarios. Ethiopia currently has an electricity access rate of 45%, 11% of its population already have access through decentralised solutions.