The DREAM (Distributed Renewable Energy-Agriculture Modalities) programme has received new funding for its deployment in Ethiopia. The sum of $8 million was recently approved by the Board of Directors of the African Development Bank (AfDB) Group.
Provided in the form of concessional loans, grants and risk mitigation by the Sustainable Energy Fund for Africa (Sefa), the funding will support a pilot project “to test the commercial viability and effectiveness of a business model integrating mini-grids with agro-industrial operations at nine sites in Ethiopia”, says the AfDB.
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