Tuesday, March 2, 2010
Kenya stands at an enviable position in terms of the amount of power it gets from renewable energy. And when the massive Lake Turkana Wind Power Project is complete, it will be the largest producer of national-grid fed wind energy in the world. This is big news for a country where only 1 in 5 people has electricity. The project faced some financial setbacks recently, but Spain stepped in to provide a €110 million loan to bolster completion. The project has largely been financed by the African Development Bank and firms in England and the Netherlands who are earning interest on the loans and feed-in tarriffs.