Kenya’s President said it aims to produce 30GW of green hydrogen production after signing a KES500bn deal with the UK to fast track green investments.
The UK-Kenya Strategic Partnership is an ambitious five-year agreement that aims to unlock benefits for both countries.
The UK Government will commit KES2bn to a new guarantee company that will lower investment risk and unlock KES12bn of climate finance for Kenyan projects over the next 3 years, through collaboration with CPF Financial Services and other private investors.
The Malindi Solar Expansion will receive an additional KES7.5bn investment. Plans at the 40MW solar plant, constructed by UK company Globeleq with finance from British International Investment, which was connected to the grid in December 2021, will double the size of Malindi Solar and add battery storage.
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