Some companies that are attending the Powering Africa Ethiopia Meeting have shown interest in investing in renewable energy in Ethiopia.
Heads of the Chinese company Goldwind International Holdings and South Africa’s Group Five Structured Ingenuity told ENA on the sidelines of Powering Africa Ethiopia Meeting that Ethiopia has abundant wind resource in addition to hydropower.
Goldwind International Holdings Business Development Manager for Africa Market, Liang Xuan, told ENA that the company has delivered 51 megawatt of wind turbine for Adama One Project which has been commissioned two years ago. He added that profitability of the renewable energy sector is immense and the company has interest to engage in the sector.
Goldwind International Holdings is building a wind farm that would generate 400 megawatt in collaboration with Terra Global Energy Developers, a US company, around Debrebirhan, according to Xuan.
“We have been enjoying working in Ethiopia in terms of legal investment framework and political environment. Things and projects have been moving smoothly and we are confident to continue our project across Ethiopia,” he said.
South Africa’s Group Five Structured Ingenuity Director Richard Adams on his part said it is promising to see what the government of Ethiopia has done in a few years in the energy sector.
Ethiopia is a good place to investment, he said, adding that his company has planned to engage in the energy sector in the country. Development Bank of South Africa International Finance Unit Manager, Zodwa Lekubu, stated that the bank finances investors who want to engage in building renewable energy infrastructure.
She added that Ethiopia is a big market for renewable energy and the bank is keen to finance investors in this sector.
“We are looking at a number of opportunities. Ethiopia is one of the new markets that we are looking at. One of the projects that we are looking at is the wind plan project which is going to develop in the country and we are looking for to invest in the project and we going to be a successful,” the manager pointed out.
[ENA]