4. Solar Panel Sales and Service
Solar Panel prices are reaching levels that are record lows, this coupled with rapid advances in battery storage technology and you have the ingredients for a very lucratively profitable business model for Ethiopia.
The Ethiopian Ministry of Environment, Forest and Climate Change (MoWIE), the Ethiopia Standards Agency, and the Ethiopian Ministry of Water, Irrigation, and Electricity have recently drafted a plan to introduce a new standard for the imports of residential solar panels.
This huge development for solar panel sales in Ethiopia means that low quality panels often imported from China will begin to disappear from the Ethiopian market. This leaves a gap in the supply and demand of solar panels.
Any enterprising individual or company can now take advantage of this situation and import solar panels according to the new standards.
Add to this initiatives put in place by the US government for Africa, Ethiopians can import them with incentives.