MCX Environmental Energy Corp has announced that it has invested in a KES10 billion (US$100 million) solar project in a community-owned sustainable city in Western Kenya.
The solar farm will be integrated into the Mwale Medical and Technology City (MMTC) and will have a minimum capacity of 30 MW, expandable to 50 MW in the future. The project will enter construction in November 2019 and is seen to be finalized by December 2020.
The US$2 billion MMTC project is a green city that is currently in its third and final phase of development and is expected to be completed in 2020. The residences and various establishments within the city will be supplied by green energy from a 144 MW waste-to-energy facility that complements to the solar park.
Country updates
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June 10, 2019
CDC and Globaleq invest US$66 million in 52 MW Malindi solar project in Kenya
CDC, alongside its partner, Globeleq, announced a US$66 million debt investment in Malindi Solar Group, to build a 52 MWp solar photovoltaic power plant in South-East Kenya. The long-term, 16-year fin...
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March 28, 2019
InfraCo Africa backs Kenya’s solar potential
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed convertible loan agreements with frontier developer Gigawatt Global; committing a total of US$2.2m to the develo...
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January 13, 2019
AIIM fund invests in BBOXX businesses
10 million people will gain energy access following a deal between BBOXX, a next generation utility platform, and Africa Infrastructure Investment Managers (AIIM). AIIM, though its AIIF3 fund, is inve...
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December 18, 2018
Wind project of 100 MW in Kenya reaches fin close with Actis' help
The 100-MW Kipeto wind project in Kajiado, Kenya has reached financial close, London-based private equity firm Actis, which now holds an 88% stake in the scheme, said today. Actis has purchased the e...
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December 18, 2018
100 MW wind project in Kenya reaches financial close
Kipeto Energy Ltd (“Kipeto”) announced it has reached financial close following the acquisition by Actis of the respective equity interests of IFC, a member of the World Bank Group and Afr...
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