Trending
- Global energy transition, challenges of policy commitment
- Tanzania’s natural gas industry gets global boost with Dubai deal
- AfDB’s $139M Johannesburg deal signals a new era in city-led urban investment
- Geothermal power: Tanzania’s renewed drive for green energy
- Trump mini-summit: Why these five West African countries?
- Unlocking Value: Africa’s rise as a hub for mineral processing
- Tanzania’s avocado exports dream finds a global ally in FAO
- Dubai reflects global industry trends with third glass manufacturing expo
Browsing: Kenya. solar plants
Dutch FMO and the European Investment Bank (EIB) 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 the two projects, with the remainder of the USD 147 million total project cost provided by the project promoters Frontier Energy, David Langat, Chairman of the DL Group of Companies and Ayaz Merali, Managing Director of Paramount Bank.
The new Radiant and Eldosol projects are amongst the first to generate utility-scale solar power in East Africa. The two schemes will diversify Kenya’s electricity supply away from both rain-dependent hydro and fossil fuels, contribute to improving grid stability in Western Kenya and cater for expected increased in energy use in the coming years.
“As world leaders meet in New York to discuss future plans to save our planet, Kenya with EU support, is leading the way with …