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MCX Environmental invests in USD-100m solar park in Kenya

Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

June 25 (Renewables Now) - US-based renewables developer MCX Environmental Energy Corp announced today it has invested in a USD-100-million (EUR 87.7m) solar project in a community­-owned sustainable city in Western Kenya.

The particular solar power plant will be built within the Mwale Medical and Technology City (MMTC) and will have a minimum capacity of 30 MW, expandable to 50 MW in the future. The project will enter construction in November 2019 and is seen to be finalised by December 2020.

The MMTC is a USD-2-billion green city that is currently in its third and final phase of development, expected to be completed next year. The residences and various establishments within the city will be powered by a 144-MW waste-to-energy facility in addition to the solar park.

According to the energy ministry of Kenya, 90% of the country’s power comes from renewables and the goal is to hit 100% by 2020.

(USD 1.0 = EUR 0.877)

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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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