Financial close reached for Radiant and Eldosol solar projects EIB and FMO confirm support for 80 MW clean power generation Clean energy to support more than 300,000 households The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance construction and operation of two new solar photovoltaic plants in Kenya. EIB […]
Kenya to Build Utility Scale Solar Power in $147 Million Deal
Kenya is expanding its solar power, building two utility-scale projects that will supply green electricity to about 300,000 of the nation’s homes. The Radiant and Eldosol solar plants with a combined capacity of 80 megawatts will cost $147 million, the European Investment Bank said on Tuesday. The European trade bloc’s lender is co-funding the plants […]
EIB agrees to finance construction and operation of new solar plants in Kenya
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance the construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide USD 53 million for […]
Kenya approves issuance of first green bond
NAIROBI : Kenya has approved its first ever issuance of a green bond, which will raise 5 billion shillings ($48.45 million) for student accommodation, the capital markets regulator CMA said on Thursday. So-called green bonds are fixed income securities that raise capital for projects in renewable energy, energy efficiency, green transport and waste-water treatment. The […]
CHINT donates its solar product in Kenya
NAIROBI, Kenya: CHINT, a leading smart energy solution provider, has successfully held a rooftop solar PV system donation ceremony in a charitable institution in Nairobi, the capital city of Kenya, on July 20th. CHINT, Turn on the Love, the Chinese company’s Donation Plan, started around the world in 2017, aiming at bringing fresh new energy […]
Africa’s largest wind power project opens in northern Kenya
Kenya unveiled Africa’s largest wind power plant on Friday, a project aimed at reducing electricity costs and dependence on fossil fuels and moving the nation to meet its ambitious goal of 100% green energy next year. The sprawling wind farm of 365 turbines on the shores of Lake Turkana in northern Kenya was designed to […]
Kenya to launch Africa’s biggest wind farm
The largest private investment in Kenya’s history, the Lake Turkana Wind Power project was beset with delays and took nearly a decade to rise from the arid landscape 600 kilometres north of Nairobi Lake Turkana, Kenya: Kenya will on Friday inaugurate Africa’s biggest wind power plant, a mammoth project in a gusty stretch of remote […]
MCX Environmental to Open a $100 Million Solar Power Plant in Kenya
Powering Cities of the Future, Today MWALE MEDICAL AND TECHNOLOGY CITY, KENYA: MCX Environmental Energy Corp has invested in a $100 million solar power plant, expanding its green energy technology to Mwale Medical and Technology City (MMTC), a US $2 billion community owned sustainable city located in Western Kenya. MCX AT MMTC MMTC is a […]
Kenya launches US$47 million Off-Grid Solar Access Project
The project targets 277,000 households (approximately 1.3 million people from the 14 marginalized counties). The government of Kenya has launched a USD 47 million (KSh 4.7 billion) facility under the Kenya-Off-Grid Solar Access Project (KOSAP) aimed at spurring the private sector to provide viable solar and clean cooking solutions to about 1.1 million people in […]
Kenya commences construction of 40 MW Malindi solar photovoltaic project
The construction of 40 megawatts Malindi solar photovoltaic project has started in Kenya. Independent power producer Globeleq recently announced the financial closing of the Malindi solar project in Kenya’s Kilifi County. The project which is located about 120 kilometres Northeast of Mombasa recently reached a financial close of US 66 million. The British government’s development […]