Kenya maps out wind and solar power project sites for investors

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Kenya maps out wind and solar project sites for investors

Kenya through its  ministry of energy has already started laying out wind and solar power project sites for  investors .  According to the officials this is an effort to help investors avoid the hassle of hunting for prospective locations and possibly lessen the construction period.

The Director of renewable energy at the Ministry of Energy, Mr.Isaac Kiva ‘’we are looking for potential locations as a guide tool for investors.’’  He spoke during the green energy conference at Strathmore University .

The conference was held this week, organized by Italy – based Renewable energy solutions for Africa (Res4Africa).The conference is to discuss the challenges that need to be addressed by the regions’ governments so as to ascertain energy security and meet the regions’ energy needs.

40 of the Italian companies drawn in the green energy conference are participating in the two-day conference as they search for business deals in Kenya. The Kenyan renewable energy market has currently been attracting many local and multi -lateral investors, who are interested in building wind farms, solar parks and geothermal wells.

This is after the Government calls for private investors to develop clean energy plants in an effort to attain the state’s goals to add 5,000 megawatts to the national grid by the year 2020.

Kenya has  recently drafted new regulation expected to comes  into play in three months time .The new regulations gives the Ministry of Energy officials  authority to choose electricity generation projects  and award them to the bidders quoting the lowest tariffs.

The competitive bidding window is a guaranteed policy device to cut down electricity bills.

The auction will substitute  the present feed in tariff(FiT) system ,where the investors  find a prospective  viable project and then get a licenses to operate on  them at  pre- determined  rates without  any constraint for tendering .

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