Deal #10435

Ethiopia
Created at
2024-07-10
Last update
2024-08-13

Land area

Intended size
250 ha
Comment on land area
The project covers 250 hectares that will be leased. Insufficient information has been found to determine whether land lease agreements have been finalized.

Intention of investment

Intention of investment
  • [current] Solar park (250 ha)
Comment on intention of investment
Solar Power

Carbon offset project

Carbon offset project
No
Comment on carbon offset project
The project is expected to generate 280GWh electricity to offset 296,000t of carbon dioxide emissions (CO2) a year.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2016-12-02] Intended (Under negotiation)
  • [2023, current] Failed (Negotiations failed)
Comment on negotiation status
The project has faced several challenges that led to the suspension of its operations in 2023. Although it was scheduled to begin operating in 2019, it failed to secure the necessary permits and complete the financing process, which has hindered its development.

Implementation status

Comment on implementation status
The contract between Tetra Tech and Multiconsult for the ESIA study was signed on 2nd December 2016 and the commencement date was 23rd January 2017. A field reconnaissance trip and initial stakeholder consultations were held in the last week of January 2017.