BMI View: Kenya’s aspirations to expand its non-hydro renewables industry, particularly geothermal and wind power, is well-documented and we have been following the country’s progress towards the adoption of renewable energy closely. There are many factors helping to drive the industry, which also underpin our cautiously optimistic outlook for the sector. The sector has high levels of government backing, significant international funding from the likes of financial institutions and development banks, and nearly three decades of experience within the geothermal industry. That said, our forecasts are on the bearish side when compared to government targets, as there are still a …
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