Ethiopia - Sustainable Energy Fund for Africa to Extend $2 Million for Pioneering Energy-Agriculture Mini-Grid Project
The African Development Bank has approved a $2 million grant to support renewable energy mini-grids in Ethiopia. The project aims to integrate energy access with agricultural productivity to boost rural development.
Why it matters
This initiative addresses the water-energy-food nexus, providing a scalable model for rural electrification and private investment in underserved markets.
The African Development Bank Group's Board of Directors has approved a $2 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support the development of two renewable power mini-grids in Ethiopia under the Distributed Renewable Energy and Agriculture Modalities (DREAM) programme.
Approved on 17 July, this financing forms part of the $8 million programmatic financing envelope for DREAM approved in May 2024 . It will support the Lelicho and Murche mini-grid sub-projects, developed by RVE.SOL ETH Energy Generation Solutions PLC, and will contribute up to 50% of mini-grid project capital expenditure. The programme was developed in collaboration with the Government of Ethiopia, the Global Energy Alliance for People and Planet (GEAPP) and other stakeholders.
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