China's Ming Yang Smart Energy has received an investment license from the Ethiopian Investment Commission (EIC) to develop an 8.4 GW renewable energy portfolio in Ethiopia (EIC statement, 11/05/2026).
In the initial phase, Ming Yang will launch a major renewable energy initiative backed by an investment of USD7.5bn. This project will deliver a total generation capacity of 8.4 GW, comprising 5.4 GW from wind power and 2.8 GW from solar energy. Implementation will occur across the South Omo, Afar, and Somali regions.
During the second phase, the company plans to allocate USD7.3bn toward green ammonia production, electric transmission equipment manufacturing, and wind turbine equipment production.
The initiative aligns with Ethiopia's efforts to broaden its electricity mix, which remains predominantly hydropower-reliant. Our data indicates that 97% of electricity production stemmed from hydroelectricity in 2024, including contributions from the 5.2 GW Grand Ethiopian Renaissance Dam commissioned in late 2025 (KEI, 10/09/2025); wind accounted for nearly all of the remaining 2.6% (Enerdata Global Energy Research).
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