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Kenergy signs 40-MW solar PPA in Kenya - report

Solar panels. Photo by: EBRD (www.ebrd.com).

June 1 (Renewables Now) - Kenergy Renewables has signed a power purchase agreement (PPA) with state-run distributor Kenya Power for the output of a 40-MW solar project, Reuters said on Thursday, quoting Kenergy’s head.

CEO Khilna Dodhia told the news agency that the 20-year deal will see Kenergy sell power at USD 0.08 per kWh. However, the firm still needs a letter of support from the government of Kenya in order to secure bank financing, Dodhia was cited as saying.

So far, the company has spent over USD 2 million (EUR 1.7m) in the early stages of developing the Rumuruti solar project in Laikipia County, she has said, noting that typically a project of that size would cost between USD 60 million and USD 70 million.

(USD 1.0 = EUR 0.856)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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