The M-PESA Foundation Academy has initiated a 350.0-KW solar project with the aim of reducing reliance on the national grid by 40.0% immediately and 60.0% in the long run, aligning with Kenya’s goal to transition to 100.0% clean energy by 2030.
The solar project not only facilitates financial and environmental sustainability education for students but also supports the institution’s learning objectives. Questworks Limited, the project contractor, confirmed significant running cost savings, with the academy presently saving 40% of its electricity bill and an anticipated 60% savings when the solar system operates optimally. Students view the project as a solution to power outages disrupting learning and a means to redirect cost savings to scholarships.
The M-PESA Foundation Academy’s solar project, deemed a bankable venture, offers substantial running cost savings, decreasing reliance on the national grid, providing energy independence, and enhancing security. By generating its electricity, the institution becomes less dependent on the grid, better equipped to handle power outages, and capable of reducing its carbon footprint by at least 50.0%, contributing to a more sustainable future. Long-term energy cost stability shields the academy from fluctuating electricity prices, ensuring a reliable power supply.
As a long-term investment, the solar project provides a dependable and predictable electricity source for decades, with solar panels boasting a lifespan of 25-30 years or more, requiring minimal maintenance. The academy can achieve 100% self-consumption of renewable energy through this initiative, offering valuable opportunities to integrate renewable energy into its curricula. Students can gain insights into solar technology, energy conservation, and the environmental benefits of renewable energy, fostering a deeper understanding and potentially inspiring careers in the renewable energy sector. Serving as a visible symbol of the academy’s commitment to sustainability and environmental responsibility, the solar project can engage the local community, showcase the advantages of renewable energy, and raise awareness about climate change.
The M-PESA Foundation Academy’s solar project signifies a significant stride toward realizing Kenya’s goal of transitioning to 100.0% clean energy by 2030. Beyond reducing reliance on the national grid, the project provides energy independence, security, and contributes to a more sustainable future through the utilization of solar energy. Long-term energy cost stability insulates the academy from fluctuating electricity prices, ensuring a reliable power supply. The project also presents excellent opportunities for the academy to integrate renewable energy into its curricula, inspiring students to pursue careers in renewable energy fields, and serves as a visible symbol of the institution’s dedication to sustainability and environmental responsibility.