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.
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.