What is the project about?
Promoting Sustainable Rural Energy Technologies (RETs) project aims to reduce Ethiopia’s energy-related CO2 emissions by approximately 2 m tonnes CO2e by promoting renewable energy and low greenhouse gas producing technologies as a substitute for fossil fuels and non-sustainable biomass utilisation.
The project will seek to implement a more private sector-driven and market-based approach towards promoting renewable energy technologies in rural communities in Ethiopia.
What have we accomplished so far?
- National standards for improved biomass stoves and solar home systems approved
- Laboratory equipments and instruments procured for the incubation centers to help regions comply with the national standards
- Credit risk gurantee fund established at the Development bank of Ethiopia amounting $1.4 million and fiund management committee established
- National roadshow communication strategy developed and approved by Ministry of Water, Irrigation and Energy with pilot shows conducted in Benishangul and Gambella
- Entrepreneurship training provided to 172 members of rural energy technnologies enterprises
- Business development services training was given to 75 experts from nine regions
- First round of rural energy technologies innovative idea small grant awarded to 14 enterprises