The European Investment Bank and the Dutch entrepreneurial development bank FMO, have agreed to finance USD 147 million for construction and operation of two new solar photovoltaic plants in Kenya.
Details are provided below:
- The new Radiant and Eldosol projects are first to generate solar power in East Africa
- The new clean energy project will support more than 300,000 households in Kenya
- As world leaders meet in New York to discuss future plans to save our planet, Kenya with EU support, is leading the way with visionary climate action. These two new solar schemes funded by the European Investment Bank, Dutch Development Bank FMO and Frontier Energy from Denmark will provide clean energy for Kenya and demonstrate direct benefits of the close partnership between Kenya and the European Union. said European Union Ambassador, Simon Mordue.