Ming Yang Invests $14.1 Billion in Ethiopian Renewables

Why this is here: Ming Yang’s project anticipates creating thousands of new jobs in Ethiopia through construction, engineering, and plant operations.

Ming Yang Smart Energy Group of China secured a $14.1 billion investment license from the Ethiopian Investment Commission to build 8.4 GW of wind and solar power. The company plans to construct facilities in Ethiopia that will produce green hydrogen and ammonia using renewable energy. This project builds on a prior $10 billion agreement aimed at increasing Ethiopia’s renewable energy capacity.

Ming Yang has experience with offshore hydrogen production from wind turbines in Hainan, China. Ethiopia possesses significant renewable energy potential—over 45 GW of hydropower, 10 GW of geothermal, and 100 GW of wind—and plans to add 35 GW of new capacity by 2037. The eastern region of the country is well-suited for this project due to its wind and solar resources, alongside access to water.

However, large-scale water use for electrolysis presents sustainability challenges. Addressing this requires advanced water treatment, recycling, and potentially atmospheric water capture.

Successful implementation also depends on grid upgrades, port logistics in Djibouti, and balanced financing strategies. The project will continue with a focus on environmental standards and local job creation.