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July 22, 2019

Kenya commissions 310MW Lake Turkana Wind Power farm

Kenya President Uhuru Kenyatta has commissioned the Lake Turkana Wind Power farm, which has an installed capacity of 310MW.

Kenya President Uhuru Kenyatta has commissioned the Lake Turkana windfarm, Africa’s largest wind power project with an installed capacity of 310MW.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Kenyatta said:  “With this monumental feat, Kenya scores another first in Africa, I challenge all Kenyans to remain resilient builders who build best when called upon to build greatly.

“The successful implementation of Lake Turkana Wind Power demonstrates Kenya’s outstanding credentials as an investment destination in Africa and is a perfect example of the immense potential of the public-private partnership model of implementing development projects.

“I invite other investors, not only within the energy sector but across the full spectrum of the economy, to join hands with the government in conceptualising and delivering transformative projects that secure measurable returns for our people as well as the investors.”

Deputy President William Ruto said that the success of the project was a result of the commitment of all stakeholders including host communities, various development partners and the private sector.

In addition to the wind farm, Kenyatta commissioned the 428km high voltage power transmission line.

Constructed by the Kenya Electricity Transmission Company (KETRACO), the double circuit 1,200MW capacity line carries the electricity generated at the plant to Suswa into the national grid.

Since March 2013, Kenya’s installed capacity has increased from 1,768MW to 2,712MW with the addition of Lake Turkana Wind, Garissa Solar Power (54MW) and Ngong Wind Plants (26MW) that joined the grid in 2018.

 

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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