Kenya to spend $2.2bn on solar power

Kenya has contracted SkyPower, the world's largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, to develop 1 GW of solar power projects to be built in four phases over the next five years.

The landmark agreement was signed between the Kenyan Ministry of Energy and Petroleum and SkyPower at the sixth annual Global Entrepreneurship Summit (GES) in Nairobi.
Solar panels
Initiated by the US government in 2010, the conference gathers entrepreneurs at all stages of business development, business leaders, mentors and high-level government officials to help increase support for innovators and job creators around the world.

SkyPower President and Chief Executive Officer Kerry Adler said, "SkyPower's solar projects will help Kenya realize its electrification goals, support the development of the country's renewable energy industry and help the development of strong communities, generating a brighter future for all."

The $2.2bn investment is expected to create more than 25,000 total job years in Kenya and includes 200 MW of fabrication and assembly facilities, as well as a commitment of $173m toward education, training, and research and development.



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...