RADIANT AND ELDOSOL SOLAR PV POWER PLANTS (EIB-20150682)

Countries
  • Kenya
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 14, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 26, 2019

Disclosed by Bank May 2, 2016


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Project Description

The project involves construction of two 40MW net output solar photovoltaic (PV) power plants near Eldoret, Western Kenya. The projects are being developed as independent power producers (IPPs) under the feed-in tariff regime in Kenya. The two projects will have shared facilities and services and will supply electricity to the national grid.
The proposed operation is in line with the strategic objectives set for the Bank's external mandates in general (environmental sustainability, climate change mitigation), the Cotonou Agreement - in particular Article 21 concerning investment - and private sector development. The operation will also contribute to the Bank's priority energy lending objectives related to renewable energy. In addition, the 11th EDF National Indicative Programme for Kenya (2014-2020) includes a focus on sustainable infrastructure. The projects are also fully in line with the country's objectives as Kenya's second medium-term plan (2013-2017), aiming to implement Kenya's Vision 2030, explicitly targets increasing the share of power generated from green sources.

Investment Description
  • European Investment Bank (EIB)

Investments amounts were not disclosed by the Bank

Contact Information

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