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