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The winds of change (as in dollars and cents) are blowing through Ethiopia, according to a Chinese government-funded study. HydroChina International Engineering Company (HCIE) is reporting that Ethiopia is home to more than 1,300 GW of wind energy. Chinese companies are in the hunt, with a 51-megawatt plant near Adama, in central Ethiopia, already finished and more planned.
As for the plant in Adama: “China Exim Bank provided 85% of the $117 million project cost in the form of a loan, with the remainder coming from the Ethiopian government,” according to New Energy News.
Source: New Energy News
Image: Galyna Andrushko via Shutterstock
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