GE Renewable Energy and GE Energy Financial Services (EFS) have agreed to provide technology and advisory support for an onshore wind project in Kenya.
In July this year, the African unit of GE partnered with Kipeto Energy for the development of the Kipeto wind power project.
Kipeto is a 100MW wind power project located south of Nairobi in Kajiado, and is reported to be the second largest wind energy project in the country.
In partnership with GE EFS, GE Renewable Energy will provide 60 turbine units to the project that will generate enough energy to power approximately 40,000 homes in the region.
The onshore wind project in Kenya is expected to begin its commercial operations in 2020.
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By GlobalDataGE Europe and Sub-Saharan Africa Onshore Wind regional director Peter Wells said: “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.”
Recently, the Kipeto wind power project reached financial close. The project is backed by equity funds from Actis and a Kenyan firm Craftskills Wind Energy International, alongside senior debt from the Overseas Private Investment (OPIC), the US Government’s development finance institution.
In addition to the turbines, GE Renewable Energy has agreed to provide operations and maintenance services for the wind turbines.
Originally, the project was planned by Craftskills Wind Energy International with support from GE.
The project was co-developed by African Infrastructure Investment Managers and IFC InfraVentures with Craftskills from 2014 until early this year.
In 2016, a 20-year power purchase agreement was signed by Kipeto Energy, an IFC client and partner, with Kenya Power.
GE EFS Global Capital Advisory managing director Subha Nagarajan said: “Kipeto represents our ability to identify and connect capital from leading government agencies to emerging markets, and enable construction of GE’s wind projects in new markets.
“The project lays foundation for cleaner and more reliable energy for the local communities in the future.”
