Sun King, the world’s largest off-grid solar company, plans to invest $150 million to bring solar power to Ethiopia by 2030, according to a deal with the Ethiopian Investment Commission.
The Kenya-based firm, which already operates in 14 African countries, aims to reach 2 million Ethiopian households and businesses by 2030, according to a joint statement.
Many of Ethiopia’s 120 million people do not have grid access, even though the country exports hydropower via the Grand Ethiopian Renaissance Dam. Sun King will establish a local subsidiary as part of a broader $1.3 billion Africa-wide expansion drive.