- Pan-African developer BTE Renewables and Kenyan-owned renewable developer Craftskills have today announced that Kipeto Energy Plc has completed construction of the Kipeto wind farm (“Kipeto”), located in Kajiado county south of Nairobi.
- All of the project’s 60 wind turbines are now producing power to the national grid, making Kipeto Kenya’s second largest wind power project providing power to the equivalent of approximately 250,000 households.
The Kipeto project reached financial close in December of 2018, connected to the grid in January 2021 and has now reached commercial operation with all 60 wind turbines under the 20 year Power Purchase Agreement with Kenyan utility, KPLC. Read more
The project is funded by equity from Actis-backed BTE Renewables (88%) and Kenyan-owned Craftskills Limited (12%) alongside senior debt from the U.S. International Development Finance Corporation (“DFC”), the US Government’s development finance institution, and African Trade Insurance Agency (“ATI”) is providing an on-demand insurance product for the project. Kipeto has further partnered with USAID Power Africa in developing its Biodiversity Action Plan.
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Author: Bryan Groenendaal