News that the African Development Bank has agreed a loan for the Lake Turkana wind farm supports are underlying view of Kenya’s renewables industry. We continue to believe that international financial institutions and development banks will play a fundamental role across the entire renewables industry - helping to alleviate some of the risks associated with project financing. As such, we have adopted a cautiously optimistic outlook towards Kenya’s renewables market, in particular the geothermal and wind segments. Kenya’s energy policy reflects the country’s desperate need to diversify its electricity mix away from expensive oil and unreliable hydropower, as it intends …
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