The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Kenya in Nairobi to provide a Japanese ODA loan of up to JPY10.077 billion for the rehabilitation of units 1–3 of the power plant
Country updates
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March 15, 2018
The project has been awarded a covered project status under the FAST federal act
The project has been awarded a covered project status under the FAST federal act. The classification ensures that the project developers will move more efficiently through the federal permitting process, saving time and increasing predictability regarding the permitting timeline
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March 15, 2018
European Energy has agreed to acquire the project
European Energy has agreed to acquire the project. The acquisition is expected to be completed by June 1, 2018
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March 15, 2018
European Energy has agreed to acquire the offshore wind project for an undisclosed sum
European Energy has agreed to acquire the offshore wind project for an undisclosed sum. The transaction is expected to be completed by June 1, 2018 upon receiving the necessary approvals
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March 12, 2018
Ørsted has presented a funding plan for the offshore wind complex
Ørsted has presented a funding plan for the offshore wind complex. The company will fund the construction with capital from the Ørsted Group and debt provided by local banks and financial institutions...
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March 09, 2018
The project is reportedly being put up for sale
The project is reportedly being put up for sale. The transaction could fetch more than EUR 1 billion
