Ethiopia and ATIDI Sign MoU to Enhance Renewable Energy Investment
Ethiopia has signed a Memorandum of Understanding with ATIDI to attract foreign investments in renewable energy projects. This partnership aims to improve financial stability and payment security for Independent Power Producers via the Regional Liquidity Support Facility.
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On February 19, 2025, Ethiopia, through its Ministry of Finance and Ethiopian Electric Power, formalized an agreement with ATIDI to promote renewable energy investments. The MoU facilitates access to ATIDI's Regional Liquidity Support Facility, which mitigates financial risks for IPPs and PPPs by ensuring timely payments from state-owned utilities.
Ethiopia joins ten other nations in utilizing the RLSF, which has supported investments of USD373.1 million and added 181.95 MW of renewable capacity across Africa. The initiative aligns with Ethiopia's Homegrown Economic Reform Agenda aimed at enhancing the investment climate and diversifying its energy sources beyond hydropower.
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