Bloomberg survey ranks Kenya sixth in green power generation

Bloomberg survey ranks Kenya sixth in green power generation

Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows.

The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments.

Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in Kenya went high and recorded 402.1 million units in October this year accounting for nearly half of the country’s total consumption.

According to the report, the progress in 2014 was achieved despite a number of countries such as Brazil, South Africa and China recording slow economic growth rates. Average Gross Domestic Product (GDP) growth across the nations slipped to 5.7 per cent in 2014 from 6.4 per cent in 2013.

Other African countries that were in the top ten are South Africa at fourth and Uganda at ninth.

Bloomberg New Energy Finance (BNEF) provides unique analysis, tools and data for decision makers driving change in the energy system. With unrivalled depth and breadth, they help clients stay on top of developments across the energy spectrum from their comprehensive web-based platform.

The Climatescope Index now says that solar power would be the next frontier for investors in Kenya’s green power generation.

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