Denmark’s Vestas Wind Systems A/S (CPH:VWS) said on Tuesday it will sell its 12.5% stake in the 310-MW Lake Turkana wind farm in Kenya to Google Inc (NASDAQ:GOOGL) once the facility is finalised.
The two companies signed the share purchase deal in Washington DC in connection with the Climate and Clean Energy Investment Forum there. The financial terms of the agreement were not disclosed.
Upon completion in 2017, Lake Turkana will be Africa’s largest wind farm, with the capacity to produce enough power to meet 15% of Kenya’s electricity needs. It will use 365 units of Vestas’ V52-850 kW turbines capable of generating over 1,400 GWh in total.
So far, the development has attracted financial support from the European Investment Bank (EIB), the Standard Bank of South Africa, Nedbank, FMO, Proparco, East African Development Bank (EADB), PTA Bank, EKF, Triodos and DEG. The African Development Bank (AfDB) is the lead supporter.
Google’s investment in the wind park will be its 22nd such deal in the renewables field.