According to Prof. Kindeya, President of Mekelle University, “it has been months since the Ashegoda wind farm is not functioning.” Projects like this could benefit form SEFA grant. Ethiopia has a vast but untapped renewable energy potential. The Ethiopia Renewable Energy Program, supported by the SEFA grant, is in line with the country’s Growth and Transformation Plan (GTP II) 2015/16 – 2019/20 and with the NEP targets. It also aligns with the Bank’s Energy Sector Policy (2012), the New Deal on Energy for Africa, especially focusing on “Renewable Energy” and “Early Stage Project Finance”. BackgroundSEFA is a multi-donor facility established to unlock private sector investments in small to medium-sized clean energy projects in Africa through the following three components: grants to facilitate the preparation of renewable energy generation and energy efficiency projects towards bankability; equity investments to bridge the financing gap for renewable energy generation projects and; and support to public sector in improving the enabling environment for private investments in sustainable energy.

Source: Ethiopian News May 22, 2019 08:15 UTC