Green electricity for Kenya
News from 2019-08-05 / DEG
Kenya has a high renewable energy potential: geothermal, wind and solar energy. Two thirds of its energy needs are already met from renewable sources. So far, however, only half the population of the East African country has access to electricity. And an improved electricity supply is also important for Kenya's growing economy.
That’s why DEG is financing the construction and operation of the 40 MW Malindi solar park with a loan of USD 20 million. The financing with a total volume of nearly USD 50 million was arranged by the British CDC Group. The solar power generated will be fed into the national grid as part of a long-term supply agreement.
Around 180,000 households can be supplied with 90 GWh of green electricity per year in the future. In addition, 37,000 tonnes of CO2 will be avoided annually.
For years, DEG has co-financed renewable energy projects in Africa, Asia and Latin America to promote the production and use of green electricity in developing countries. In Kenya it also finances the Olkaria III geothermal power plant and the largest wind farm in sub-Saharan Africa, situated at Lake Turkana.