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Energy Finance & Investment News in Kenya

CDC and Globaleq invest US$66 million in solar project in Kenya

CDC and Globaleq invest US$66 million in solar project in Kenya

🕔Jul 16, 2018

CDC, the UK’s development finance institution, and Globeleq have announced a US$66 million debt investment in Malindi Solar Group, which will finance the construction of a 52MWp solar photovoltaic power plant in Malindi , south-east Kenya.

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AfDB to finance 35 MW geothermal project in Kenya

AfDB to finance 35 MW geothermal project in Kenya

🕔Jun 13, 2018

Quantum Power East Africa GT Menengai Ltd has secured financing from the African Development Bank (AfDB) and Climate Investment Funds (CIF) Clean Technology Fund (CTF) for the 35 MW Menengai geothermal project in Kenya.

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Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

Inspired Evolution invests US$36 million in solar PV projects in sub-Saharan Africa

🕔Feb 16, 2018

Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.

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ACCIONA to build two  transmission projects  in Kenya

ACCIONA to build two transmission projects in Kenya

🕔Nov 24, 2017

ACCIONA has signed two contracts with HOMT España as part of the project worth over €40 million (US$ 47,07 million) that the latter is executing for Kenya Electricity Transmission Company Limited (KETRACO).

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AfDB to back Kenya’s Lamu coal

AfDB to back Kenya’s Lamu coal

🕔Sep 11, 2017

The African Development Bank (AfDB) is mulling to fund the development of Kenya’s first coal-fired power plant. The bank is awaiting the environmental and social audits before they can release the funds.

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Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

🕔Feb 1, 2017

Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.

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K&M Advisors retained as transaction advisor for Olkaria VI 140 MW Geothermal power plant in Kenya

K&M Advisors retained as transaction advisor for Olkaria VI 140 MW Geothermal power plant in Kenya

🕔Jun 3, 2016

K&M Advisors LLC, a financial and technical advisory firm, has announced that it has been awarded a contract by The National Treasury in Kenya and KenGen to serve as the transaction advisor for the Olkaria VI 140 MW geothermal power plant.

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Kipeto Energy signs 100MW purchase power agreement in Nairobi

Kipeto Energy signs 100MW purchase power agreement in Nairobi

🕔Jun 3, 2016

Kipeto Energy is one step closer to delivering additional clean energy to the people of Kenya following an announcement that it has formally signed a 20-year Purchase Power Agreement (PPA) with Kenya Power (KPLC) on Thursday. This represents a significant milestone for the development of the 100-megawatt (MW) wind power project. 

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Developer cancels $144m wind project in Kenya

Developer cancels $144m wind project in Kenya

🕔Feb 23, 2016

The $144 million Kinangop Wind Park, which was supposed to be developed in Kenya, has been cancelled due to opposition from local landowners and farmers. 

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Google to buy Vestas’ shares in Lake Turkana Wind Power

Google to buy Vestas’ shares in Lake Turkana Wind Power

🕔Oct 20, 2015

Google has plans to acquire Vestas’ 12.5 percent stake in 300 MW Lake Turkana Wind Power project in Kenya, Africa’s largest wind park.

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US$200 million close for African Renewable Energy Fund

US$200 million close for African Renewable Energy Fund

🕔Sep 22, 2015

The African Renewable Energy Fund (AREF) has reached final close with investment from European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF), among other investors.

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GE & Sinomach partner to invest in renewables in Africa

GE & Sinomach partner to invest in renewables in Africa

🕔Sep 16, 2015

GE and Sinomach (China National Machinery Industry Corporation) have signed a memorandum of understanding (MOU) to collaborate on clean energy projects, an initiative to double access to power in Sub-Saharan Africa.

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OPIC and Kipeto Energy sign financing agreement for 100MW wind project in Kenya

OPIC and Kipeto Energy sign financing agreement for 100MW wind project in Kenya

🕔Jul 29, 2015

The Overseas Private Investment Corporation (OPIC) has committed US$233 million in debt financing to support the 100 megawatt Kipeto wind power project in Kajiado County in Southern Kenya.

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Kenya seeks transaction advisor for the 140 MW Olkaria VI Geothermal power plant

Kenya seeks transaction advisor for the 140 MW Olkaria VI Geothermal power plant

🕔Jul 9, 2015

The Government of Kenya (GoK) has launched a request for expression of interest (RFEOI) to hire a Transaction Advisor (TA) for the 140 MW Olkaria VI Geothermal power plant.

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Lamu coal power project to move forward

Lamu coal power project to move forward

🕔Jan 20, 2015

The 960 MW Lamu coal power project in Lamu County, Kenya, has received green light to move forward after an appeal against the tender award was rejected.

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OPIC approves financing Kenyan wind project

OPIC approves financing Kenyan wind project

🕔Dec 22, 2014

The Board of Directors of the Overseas Private Investment Corporation (OPIC) has approved up to US$233 million in financing to support construction and operation of the 100 megawatt Kipeto wind power project in Kajiado County in Southern Kenya.

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Kenya signs PPP project for Lake Turkana wind project

Kenya signs PPP project for Lake Turkana wind project

🕔Dec 12, 2014

The Kenyan National Treasury has signed the public private partnership (PPP) for the development of the 310 MW Lake Turkana Wind Power project in northern Kenya.

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Ormat Signs 25-Year PPA for 35 MW Menengai Geothermal Project in Kenya

Ormat Signs 25-Year PPA for 35 MW Menengai Geothermal Project in Kenya

🕔Nov 6, 2014

Ormat Technologies, Inc. announced on Monday that its majority owned Kenyan subsidiary, owned by Ormat (51%), Symbion Power LLC (24.5%) and Civicon Ltd. (24.5%), signed a 25-year Power Purchase Agreement (PPA) with Kenya Power and Lighting Co. Ltd (KPLC) and a project implementation and steam supply agreement (PISSA) with Geothermal Development Company (GDC) for the 35 MW Menengai geothermal project in Kenya.

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Ram Energy secures OPIC’s grant for 40MW geothermal energy project in Kenya

Ram Energy secures OPIC’s grant for 40MW geothermal energy project in Kenya

🕔Oct 22, 2014

GreenMax Capital Advisors, a leading global clean energy transaction advisor, has secured a US$950,000 grant to support the final stages of project preparation for a 40 MW geothermal energy project in Kenya.

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IFC considers investing in wind project in Kenya

IFC considers investing in wind project in Kenya

🕔Oct 22, 2014

The International Finance Corporation (World Bank) has disclosed on its website that it is considering financing the Kipeto Wind Project in Kenya.

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