Electrawinds, IFC to install 90 MW wind park in Kenya

Belgian renewable energy firm Electrawinds NV joined with the International Finance Corp. (IFC) to build a 90 MW wind energy project in Kenya.

Under the agreement signed between the partners, IFC InfraVentures, a $100 million fund set up by the IFC, will contribute in securing the project's costs of $233 million.

The development of the Mpeketoni wind park, to be located in southeastern Kenya, was initiated by Electrawinds in 2011 and IFC InfraVentures will take part in its further development and provide financing for the project, which has already received environmental approval. The partners expect to wind a planning permission later in 2013 and start construction of the facility next year.

The wind park will feature between 36 and 45 wind turbines. It will operate under a power purchase agreement (PPA), which has not been secured yet, Electrawinds said.

IFC is part of the World Bank Group.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs