The Horn of Africa nation of Ethiopia has signed a $4 billion agreement for the development of a 1000-megawatt geothermal farm.

Ethiopian officials signed the deal with American-Icelandic company Reykjavik Geothermal for the development of the geothermal farm, which will supply energy for both local consumption and export. The farm will be situated 200 kilometres south of the Ethiopian capital of Addis Ababa in the Corbetti Caldera region, and will be…