Renewable Energy Business Opportunities in Kenya’s high-growth Markets
Key Developments in Renewable Energy
Kenya’s Energy sector is amongst the most vibrant in Africa and thus, energy demand, and in particular renewable energy – is expected to support this growth trajectory. Viable Business Opportunities within this sector include:
- Biomass – Co-generation using sugarcane bagasse and other agricultural residues.
- Biogas – Potential to produce over 130 MW of power, availability of municipal coffee and sisal waste, and potential to generate slaughter wastes.
- Wind – proven potential of as high as 346 W/m2, Wind speeds of over 6m/s F-I-T of USS 0.011 per kWhr.
- Solar – Relatively stable off-grid PV market, Insolation estimated at 4-6 kWh/m2/day, Duty and tax exemptions for PV products, fixed F-I-T of USS 0.12 per kWhr for 10MW.
- Geothermal – Proven potential of as high as 10,000MW along Rift Valley – Menengai, Olkaria & Baring, Fixed F-I-T of USS 0.088 per kWhr.
- Hydro – Potential for the installation of small hydropower plants, high potential in tea factory sites, fixed F-I-T of between USS 0.06 and USS 0.12 per kWhr.
Economically, Kenya adopts a market-based economy, representing the largest and most advanced economy in East and Central Africa. Its GDP accounts for more than 50% of the regions total. Current estimates project the country’s GDP to increase to 5.6% in 2018 – and 6.2% in 2019, respectively. Kenya is recognised as the key logistical conduit into the East African Community’s (EAC) regional market, consisting of: Tanzania, Uganda, Rwanda, Burundi and South Sudan. As a result, a number of foreign companies establish their regional headquarters in Kenya.
Expressions of interest should be addressed to:
Rolex O. Owino
Business Development Director