Renewable Energy Market in Ethiopia Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Solar Energy Companies in Ethiopia and the market is segmented by Source (Hydropower, Wind, Geothermal, Solar, and Others).

Renewable Energy Market in Ethiopia Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Ethiopia Renewable Energy Market Size

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Ethiopia Renewable Energy Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

Ethiopia Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Ethiopia Renewable Energy Market with other markets in Energy & Power Industry

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Ethiopia Renewable Energy Market Analysis

The Ethiopia Renewable Energy Market is expected to register a CAGR of greater than 7% during the forecast period.

  • The Wind Energy segment is expected to witness significant growth during the forecast period, owing to the country's increasing Wind Energy capacity additions. With government support for upcoming wind energy projects like the Assela wind power project, this trend is expected to continue in the coming years.
  • Solving intermittency problems by using energy storage systems is likely to provide huge opportunities for the market studied.
  • Upcoming renewable projects are expected to drive the Ethiopian renewable energy market during the forecast period.

Ethiopia Renewable Energy Industry Overview

The Ethiopia renewable energy market is consolidated. Some of the major players include ANDRITZ AG, Siemens Gamesa Renewable Energy SA, Vergnet Groupe, Green Scene Energy PLC and Tulu Moye Geothermal Operations PLC among others.

Ethiopia Renewable Energy Market Leaders

  1. Vergnet Groupe

  2. Siemens Gamesa Renewable Energy SA

  3. Green Scene Energy PLC

  4. ANDRITZ AG

  5. Tulu Moye Geothermal Operations PLC

  6. *Disclaimer: Major Players sorted in no particular order
Ethiopia Renewable Energy Market Concentration
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Ethiopia Renewable Energy Market News

  • In September 2021, Ethiopia has announced plans to invest USD 40 billion in constructing new renewable energy infrastructure over the next ten years. Ethiopia has already begun to tap into the Rift Valley's geothermal potential with projects at Tulu Moye, Aluto Langano, and Corbetti. In the subsequent years, the country plans to build 17 geothermal projects and plans to have 35,000 MW of installed capacity by 2037.
  • In March 2021, the Government of Ethiopia and Masdar have reached an agreement to develop solar power projects with a total capacity of 500 megawatts (MW) and the related grid infrastructure across Ethiopia. The agreement covers the development, financing, design, engineering, procurement, construction, testing, commissioning, insurance, ownership, operation, maintenance, and transfer of photovoltaic (PV) plants. The solar power projects are expected to begin commercial operations by the end of 2022.

Ethiopia Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, As of 2021
  • 4.3 Renewable Energy Installed Capacity and Forecast in MW, till 2027
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Source
    • 5.1.1 Hydropower
    • 5.1.2 Wind
    • 5.1.3 Geothermal
    • 5.1.4 Solar
    • 5.1.5 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens Gamesa Renewable Energy SA
    • 6.3.2 Vergnet Groupe
    • 6.3.3 Green Scene Energy PLC
    • 6.3.4 ANDRITZ AG
    • 6.3.5 Tulu Moye Geothermal Operations PLC
    • 6.3.6 Solar Tech PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Ethiopia Renewable Energy Industry Segmentation

The Ethiopia Renewable Energy Market Report Include:

Source Hydropower
Wind
Geothermal
Solar
Others
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Ethiopia Renewable Energy Market Research FAQs

What is the current Ethiopia Renewable Energy Market size?

The Ethiopia Renewable Energy Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Ethiopia Renewable Energy Market?

Vergnet Groupe, Siemens Gamesa Renewable Energy SA, Green Scene Energy PLC, ANDRITZ AG and Tulu Moye Geothermal Operations PLC are the major companies operating in the Ethiopia Renewable Energy Market.

What years does this Ethiopia Renewable Energy Market cover?

The report covers the Ethiopia Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ethiopia Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Renewable Energy in Ethiopia Industry Report

Statistics for the 2025 Ethiopia Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ethiopia Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.