FMO and the European Investment Bank (EIB) have agreed to finance construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide US$53 million for the two projects, with the remainder of the US$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 plants are being built close to Eldoret, 300km north-west of Nairobi. The two adjacent sites will use 300,000 panels that track to harness the maximum amount of solar energy and will be connected to the Kenyan national energy grid.
Country updates
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September 26, 2019
140 MW Olkaria V geothermal plant unit 1 and 2 reach full load
Olkaria V - Unit 1 and 2 reached full load operations, injecting more than 160 MW to the national grid. The project involves the development of a 140 MW Olkaria V geothermal plant in Ol...
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September 16, 2019
Kenya signs MoU for 80 MW Meru County Energy Park Project
The Government of Kenya has signed a memorandum of understanding (MoU) with Japanese developer Eurus Energy and Australian-headquartered wind developer Windlab for the planned development of 80 M...
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July 24, 2019
Kenya inaugurates 310 MW Lake Turkana Wind Power plant
Africa’s largest wind farm, the Lake Turkana Wind Power project, has been officially inaugurated. The 310 MW facility was opened by President Uhuru Kenyatta. The Lake Turkana Wind Power project...
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July 16, 2019
MCX Environmental to build 30 MW solar PV project in Mwale
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...
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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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