The current population of the Federal Democratic Republic of Ethiopia is approximately 110.24 million people. In 2016, utilities used 100% renewable energy to generate electricity in the country. Hydropower, wind and geothermal are the primary sources of renewable energy in Ethiopia.
Ethiopia is rich in renewable energy resources, including hydropower, wind, solar and geothermal. A government study estimates the country has 1,350 GW of wind, 45 GW of hydropower, 7 GW of geothermal and 5.2 GW of solar potential that could be developed in the foreseeable future. The Ethiopian government’s goal is to become a major exporter of clean, inexpensive renewable energy in Africa.
Reykjavik Geothermal Limited has announced plans to begin a drilling campaign to explore and develop the geothermal potential in a permit located approximately fifty miles southeast of the capital, Addis Ababa. The drilling is scheduled to begin in September 2019 in the regions of Corbetti and Tulu Moye.
Reykjavik Geothermal estimates the geothermal potential of the regions of Corbetti and Tulu Moye is over 1,000 MW capacity. The exploration and development program are estimated to cost U.S. $ 4.4 billion. Reykjavik Geothermal is a geothermal development company, headquartered in Reykjavik, Iceland.
Ethiopia has the renewable energy resources to be a major energy power exporter in Africa and even the Middle East. Reykjavik Geothermal’s project has the potential to further Ethiopia’s ambitious goals, which will invigorate the country’s economy.
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