Kenya – GE Energy Financial Services has partnered with GE Renewable Energy to deliver a 100MW wind power project in Kenya. The two GE units have teamed up to provide technology and advisory support for GE’s flagship onshore wind project in Sub-Sahara Africa.
The Kipeto project located in Kajiado south of the Kenyan capital Nairobi will produce enough electricity to power about 40,000 homes.
GE Renewable Energy will provide 60 of its highly efficient GE 1.7-103 turbines to the Kipeto project. The 100MW Kipeto wind power project will provide clean energy to the national grid as a significant contribution to Kenya’s Vision 2030 and Big Four Agenda.The project is expected to reach commercial operation in 2020.
“GE is incredibly proud to be a part of this exciting endeavour. The Kipeto project is an important step forward in providing affordable, reliable clean energy to the region, and meeting Kenya’s renewable energy goals. We look forward to working with our partners on the journey for years to come,” said Peter Wells, GE’s Onshore Wind Regional Director for Europe and Sub-Saharan Africa.
The Kipeto wind power project, which reached financial close in mid-December 2018, is funded by equity from Actis and a Kenyan company, Craftskills Wind Energy International, alongside senior debt from the Overseas Private Investment Corporation (OPIC), a United States government’s development finance institution (DFI).
“Kipeto represents our ability to identify and connect capital from leading government agencies to emerging markets, and enable construction of GE’s wind power projects in new markets. The project lays foundation for cleaner and more reliable energy for the local communities in the future,” Subha Nagarajan, Managing Director, GE EFS’ Global Capital Advisory.
GE Renewable Energy will also provide operations and maintenance services for the wind turbines. The Kipeto project was originally conceived by Craftskills Wind Energy International, with support from GE. AIIM and IFC InfraVentures co-developed the project with Craftskills from 2014 until early 2018, executing a 20-year Power Purchase Agreement (PPA) with Kenya Power and Lighting in 2016.