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EU Pledges Kshs 2.7 Billion For Green Energy In Kenya

Dennis Otsieno by Dennis Otsieno
March 16, 2023
in News
Reading Time: 2 mins read
European union Flag

European union Flag [Photo/Courtesy]

The European Union will support green energy projects in Kenya to the tune of Ksh 2.7 billion. The Green Resilient Electricity System project will channel funds through various power companies to support new green electricity generation and strengthen the transmission system in the country.

Speaking in Naivasha during the Integrated National Energy Planning (INEP) workshop, EU representative in Kenya, Martin Andersen said the project is targeted at helping Kenya fully achieve the use of green energy by 2030.

“This project will support new green electricity generation and strengthen the transmission system and help Kenya’s ambition for a 100% green electricity system by 2030,” he said.

Read:Details Of Kenya’s 300MW Green Energy Deal

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Mr. Anderson further added that the EU would also increase funding for the ongoing Sustainable Energy Technical Assistance (SETA) program to county governments and that the EU with other stakeholders is working on developing a Green Hydrogen roadmap and strategy for the country.

Green Hydrogen is a new sector that can create new business opportunities for the country and be a major job creator mainly in fertilizer production.

The EU has since 2014 provided more than Kshs 19.0bn in grants towards the energy sector with plans to continue partnership under the new Global Gateway Initiative.

The move comes a couple of days after the international body released Kshs 6.0 billion towards the rehabilitation of the Olkaria I and IV power plants in Naivasha.  Under the project, the two geothermal plants will produce an extra 40MW as the government moves in to phase out thermal power by 2030.

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