Browsing: Renewable energy in Kenya

Germany pledges $4 billion investments in Africa’s green energy

Investing November 24, 2023

In Berlin, German Chancellor Olaf Scholz says his country will invest 4 billion euros in Africa’s green energy until 2030.
Scholz made the green energy plans after meeting African leaders and heads of international organizations during the G20 Compact with Africa conference.
Compact with Africa was initiated by Germany in 2017 during its presidency of the G20 to improve conditions for sustainable private sector investment and investment in infrastructure in Africa.

The government of Germany has pledged to invest $4.37 billion (4 billion euros) in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank (AfDB) Group Dr Akinwumi Adesina, during the G20 Compact with Africa conference.

The Compact with Africa was initiated by Germany in 2017 during its presidency of the G20 to improve …

Igniting progress: Stakeholders join forces to harness EA’s energy potential

Investing July 13, 2023

Kenya National Oil Corporation CEO Gideon Morintat will lead talks on the untapped potential of East African energy market in October forum.
With 1.4 billion barrels of recoverable crude oil reserves and significant gas resources, Uganda ranks among Africa’s fastest growing energy markets.
In the renewables and power sectors, Uganda is diversifying energy mix by maximizing biomass, nuclear, solar and green hydrogen production.

Kenya’s oil and gas sector may be modest today, but stakeholders are joining forces to harness East Africa’s (EA) energy potential as significant discoveries across countries raise the stakes for investors.

At the upcoming African Energy Week (AEW), which will go on between October 16-20 in Cape Town, Leparan Gideon Morintat, the CEO of the Kenya National Oil Corporation (NOC), will lead discussions on the untapped potential of the East African energy market.

Engaging with a diverse range of investors and project developers, Morintat aims to attract …

Climate change affecting incomes of most Kenyans – survey

Industry and Trade December 20, 2022

A survey by the European Investment Bank has revealed that most Kenyans believe climate change and environmental damage have affected their income or source of livelihood
Losses associated with climate change in Kenya include severe drought, rising sea levels or coastal erosion, or extreme weather events such as floods or hurricanes
The survey also found that most Kenyans, at 81%, said that investing in renewable energy should be prioritised

A new survey now shows that most Kenyans, at 97%, say climate change is already affecting their everyday lives.

The first edition of the European Investment Bank’s 2022 Climate Survey found that 76% of Kenyans believe that climate change and environmental damage have affected their income or source of livelihood.

The survey aimed to inform the broader debate on attitudes and expectations regarding climate action and sampled over 6,000 respondents, including 1 000 Kenyans aged 15 and over, from 10 African …

Kenya’s pursuit for clean energy comes with challenges

Energy January 1, 2022

While the world is fighting for zero-carbon neutrality, Africa’s—and Kenya's—struggle to achieve a zero-carbon footprint is being met with foreign challenges and local corruption.

Experts have lauded the government’s plan to shift Kenya’s energy to purely clean energy by 2030.

In October 2021, President Uhuru Kenyatta told attendees of the COP26 summit that the country would achieve the milestone, seeing that it was more than half-way there already.

“Renewable energy in Kenya currently accounts for 73 per cent of the installed power generation capacity, while 90 per cent of the electricity in use is from clean sources,” he told attendees, among them US President Joe Biden and UK Prime Minister Boris Johnson. “We are on course to achieve our target of 100 per cent use of clean energy by 2030 and to achieve 100 per cent access to clean cooking by 2028,” Kenyatta said.

The Exchange Africa sought the views

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Kenyan government pledges to accelerate deployment of renewable energy to reduce cost of electricity

Africa December 9, 2021

Kenya has committed to fast-track the deployment of renewable energy as a driver for economic development in the country
KenGen is East Africa’s largest electricity producer and among the top 10 leading geothermal energy producers in the world
About 86% of KenGen’s installed capacity of 1,818MW comes from renewable and clean energy sources, namely hydro, geothermal and wind

East Africa’s largest economy Kenya has committed to fast-track the deployment of renewable energy as a driver for economic development in the country.

This commitment was made by Monica Juma, Cabinet Secretary, Ministry of Energy during her inaugural visit to Olkaria, Naivasha to inspect and assess KenGen’s geothermal power facilities.

CS Juma said renewable energy is the preferred option for Kenya adding that the move would also help attract foreign investments in Kenya’s energy sector. She was accompanied by Gordon Kihalangwa, the Principal Secretary of the Ministry of Energy.

The CS lauded …

Kenya based Powerhive Inc secures US$9.3m from Toyota Tsusho

Kenya July 13, 2019

Kouros, a clean energy investment company, and Powerhive Inc, an energy solutions and technology provider for emerging markets, announced the closing of a US$9.3m Series B round of funding.

Powerhive’s existing investors including Caterpillar Ventures James Sandler, Prelude Ventures, Tao Capital, and Total Energy Ventures together with Kouros and TO.org, joined Toyota Tsusho Corporation, the general trading company and member of Toyota Group who initiated this round.

The venture financing will support Powerhive’s growth by reaching 20,000 connections in Kenya where the company has operated rural microgrids since 2012. Powerhive became Kenya’s first privately licensed electricity utility leveraging its unique development and technology platform.

Powerhive leverages its proprietary technology platform to develop and operate portfolios of renewable microgrids that supply affordable, reliable and productive electricity to off-grid communities in emerging markets.