ACWA’s ‘record’ bid wins 250MW Scaling Solar duo in Ethiopia

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
ACWA Power is a developer, investor and operator of a power generation and desalinated water production plants in Africa, the Middle East and south-east Asia. Source: Acwa Power/Twitter

Saudi Arabian energy developer ACWA Power has won a 250MW duo of World Bank-backed solar projects in eastern Ethiopia.

The firm was one of five companies that submitted proposals for the projects, after the Ethiopian finance ministry’s public-private partnership directorate general launched a request for proposals in April.

The projects are sponsored under the Scaling Solar programme, run by the International Finance Corporation (IFC) – the World Bank's private sector arm – to provide private funding for solar development in emerging markets. 

Ethiopia’s finance ministry claims the US$0.02526-per-kWh tariff offered by the firm for the two sites is “the lowest in Africa and one of the lowest globally”

The Gad and Dicheto projects are planned for the eastern regional states of Somali and Afar, and are part of a six-project portfolio that make up round two of Ethiopia’s Scaling Solar programme. The projects have 750MW of combined capacity and a price tag of US$798 million.

Round one of the programme was launched in 2017 and involved two solar projects totalling 250MW.

Scaling Solar programmes are also active in Senegal, Zambia and Madagascar.

ACWA Power is a developer, investor and operator of power generation and desalinated water production plants in Africa, the Middle East and south-east Asia.

Ethiopia wants to install 300MW of solar by 2020, up from the total PV capacity of 11MW recorded by IRENA statistics.

Read Next

June 16, 2021
Berkeley Energy has raised €130 million in the first close of the Africa Renewable Energy Fund II
June 14, 2021
Mozambique-based coal operator Ncondezi Energy has announced a joint venture (JV) with South African-based NESA to target South Africa’s C&I solar and storage markets.
PV Tech Premium
June 4, 2021
Spain’s PV sector has been boosted by a new auction mechanism that aims to support at least 10GW of capacity by 2025. José Donoso, general director of Spanish solar association UNEF, discusses what is driving growth and the various policies that the industry is asking for.
June 3, 2021
US power grid operator PJM Interconnection’s latest capacity auction for 2022/2023 saw 1,512MW of solar procured, up 942MW on its most recent auction in 2018.
June 2, 2021
Scatec will develop three projects in South Africa totalling 540MW of solar and 225MW / 1,140MWh of battery storage after being awarded preferred bidder status through a government tender.
June 1, 2021
Lightsource BP has said it won more than 40% of the total awarded capacity in Greece’s renewables auction last week through a co-development partnership, increasing its global presence to 14 countries.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021