AEN Renewable Energy Investment Conference kicks off in Addis Ababa  

Addis Ababa, April 25, 2023 (FBC) – Ethiopia and Tanzania have kicked off a conference in Addis Ababa today with a view to accelerating the development of renewable energy in the two countries.

The two-day conference is underway under the theme “Fast-tracking renewable energy investment in Ethiopia and Tanzania”.

Addressing the conference, Minister of Water and Energy Habtamu Itefa said Africa in general and Ethiopia in particular has huge untapped renewable energy potential.

Hydro, wind and solar energy sectors were mentioned by the minister among the top priorities, ENA reports.

For Habtamu, engaging and encouraging the private sector is crucial to realize the potential of the huge asset of the energy sector in the years to come.

Representative of the ambassador of Tanzania in Ethiopia and General Manager of Tanzania Geothermal Development Company, Matthew Mwangomba said for his part that to ensure the enormous energy potential in Ethiopia and Tanzania, sharing expertise and experiences is critically important.

African Energy Now is hosting AENCon23 to showcase concrete opportunities in existing and upcoming renewable energy projects, including in solar, wind, hydro and geothermal energy.

The conference also aims at engaging international financiers and technology providers on renewable energy investment opportunities in the two countries.

The conference which targeted to accelerating renewable energy in Ethiopia and Tanzania is attending by all pertinent stakeholders from both countries.

African Energy Now (AEN) is a grant-funded programme that supports African governments to secure financing for investment-ready projects in the renewable energy sector.

AEN provides expertise on technical and financial aspects of renewable energy projects and supports investments from the initial engagement of investors up to negotiated terms for financial close.