Kenya: 1.5MW Solar PV Kiamariga Village Project Reaches Financial Close

  • The 1.5 MW Kiamariga Village solar PV project in Nyeri County, Kenya, has reached financial close.
  • This was made possible through a USD 355000.00 funding facility from the Renewable Energy Performance Platform (REPP), a UK government-funded program dedicated to sponsoring/supporting renewable energy development projects in sub-Saharan Africa.

The French Development Agency (AFD), through their Sunref fund provided additional funding in the form of a USD 1.8 million loan facility through the Co-operative Bank of Kenya, to help fund the implementation of the project.

REPP’s grant will enable Astonfield Solar, an Engineering, Procurement, and Construction (EPC) company that provides captive solar solutions to industrial and corporate clients in Sub-Saharan Africa, Middle East, and India, to ramp up the implementation of the project which is expected to become one of the East African country’s privately owned grid-connected solar power plants.

The developer, Marco Borero Company, has already signed a Power Purchase Agreement (PPA) to supply electricity to the state-owned Kenya Power & Lighting Company (KPLC)once the plant is operational.

The project is expected to be commissioned in December 2020.

Author: Bryan Groenendaal

Source: REPP

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