Market News
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Kenya: Germany Commits to Fund Kenya's Transition to 100% Renewable Energy
Posted on :Tuesday , 23rd May 2023
Germany has committed to offer both financial and technical support to Kenya to enable the country meet its target of achieving 100 % transition to renewable energy by the year 2030.
Germany Chancellor Olaf Scholz praised Kenya for its strong leadership and investments in geothermal energy, noting that will go a long way in helping the country in its climate change adaptation pl. . .
KENYA: Finnfund Sells Its Stake in the 310 MW Lake Turkana Wind Farm
Posted on :Friday , 24th March 2023
The Finnish Fund for Industrial Cooperation (Finnfund) is selling its shares in Lake Turkana Wind Power (LTWP), the special purpose company that operates the 310 MW Lake Turkana wind farm. It is the 2nd shareholder to withdraw from East Africa's largest wind project.
News about the Lake Turkana wind farm in Kenya. One of the project’s shareholders, the Finnish Fund for . . .
KENYA: Japan’s Toyota Wins Menengai Geothermal Power Plant Contract
Posted on :Tuesday , 28th February 2023
British independent power producer (IPP) Globeleq has awarded Toyota Tsusho Corporation the contract to build the Menengai geothermal power plant in Kenya. The Japanese company will start construction in the first quarter of 2023.
The Japanese company Toyota Tsusho Corporation has been appointed to execute the engineering, procurement and construction (EPC) contract for the g. . .
Kenya's Ambitious Hydrogen Deal & Plan to Help Africa Exploit Green Energy
Posted on :Wednesday , 25th January 2023
Kenya recently inked a deal with an Australian firm to establish a green hydrogen and ammonia plant, kick-starting the country's plan to utilise green energy across the continent.
The industrial-scale production of green hydrogen and ammonia will be vital in making clean, affordable fuel and fertiliser for Africa. Further, it will help Kenya, which is already leading a geothe. . .
KENYA: Tender for the Olkaria VII Power Plant Feasibility Study
Posted on :Thursday , 10th November 2022
Kenya Electricity Generating Company (KenGen) is inviting tenders for the feasibility study of the Olkaria VII geothermal power plant. The plant will be built at the Olkaria geothermal complex in Nakuru County in western Kenya.
A new steam power plant is expected to be built at the Olkaria geothermal site in the Rift Valley, western Kenya. The 7th plant is the subject of a re. . .
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