Ethiopia: Finns to supply solar module plant

Finland’s Valoe Corporation has announced a €15.8m ($17.3m) order for a solar module manufacturing plant, part funded by the Development Bank of Ethiopia. Some €9.5m of the sale price will be paid in cash, while Valoe will take a 30% share in the Ethiopian manufacturing partner to cover the balance. Valoe said the plant was expected to be delivered to Ethiopia later this year.