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.
Energy Finance & Investment News in Kenya
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.
Inspired Evolution has signed a deal to invest up to US$36 million in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will expand Alten Africa’s existing solar photovoltaic development platform across sub-Saharan Africa.
ACCIONA has signed two contracts with HOMT España as part of the project worth over €40 million (US$ 47,07 million) that the latter is executing for Kenya Electricity Transmission Company Limited (KETRACO).
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.
Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The International Finance Corporation (World Bank) has disclosed on its website that it is considering financing the Kipeto Wind Project in Kenya.