MARKET / KENYA
#6Continent rank
58Deals tracked
$5,889mCapital tracked
14,510 MWPipeline
206 MWOperational (tracked)
2,791 MWInstalled RE (2024, IRENA)
77%Electricity access (2024, World Bank)
$135.9bnGDP (2025, World Bank)
2.42%RE capital / GDP (12M)
92%Clean generation (2026-03, Ember)

Market primer

structure, counterparties and bankability context
Region / power poolEastern Africa · EAPP
Main offtakerKenya Power (KPLC)
RegulatorEPRA
PPA frameworkNot yet researched
Currency / convertibilityKES · Not yet researched
GDP per capita$2,363 (2025, World Bank)
Sovereign ratingsMoody’s · S&P · IMF DSA
Last updatedpending

Installed renewables

20152024, MW (IRENA)

Deals

every row source-linked
DateDealType$mConf
2026-07-18Stanbic Bank Kenya SME Solar Financing Facilityguarantee_facilityA
2026-07-10Rafode Solar Cooling-Box Loan Productcorporate_debtC
2026-06-29Bloomberg Philanthropiesgrant285A
2026-06-25d.light PAYGo Securitisation (LSE Green Bond)project_finance50A
2026-06-25Zafiri Renewable Energy Access Initiativegrantpledge176B
2026-06-22Reduction of Energy Losses Programmecorporate_debt158A
2026-06-12Thwake Dam completion financingcorporate_debt80A
2026-06-02Kenya remote electricity access programmegrant65B
2026-05-19Spearhead Africa Infrastructure Fund (SAIF)equity_raise26A
2026-05-12Siruai Wind and Storage Hybrid Projectproject_finance216B
2026-05-06Atlas Tower Kenya Solarizationproject_finance53B
2026-05-05Kenya Power prepaid meter rollout loancorporate_debtB
2026-05-01Kipeto wind expansion / Meridianequity_raise200B
2026-04-15Sawa Energycorporate_debt10B
2026-04-12KCB Bank Kenyacorporate_debt97B
2026-04-08Sawa East Africa Portfoliocorporate_debt10C
2026-04-01Sawa Energy C&I Portfoliocorporate_debt10A
2026-03-19I&M Bank Green Transition Lending Portfolioguarantee_facility30A
2026-02-12Delta40 Venture Studio Fundequity_raise20A
2026-01-27OrPower Twenty-Two (OTTL)corporate_debt17A
2026-01-27Sanivationequity_raise3B
2026-01-20Cold Solutions Kiambu (SEZ) Limitedequity_raise19B
2025-12-24PowerGen Renewable Energy Expansioncorporate_debt50A
2025-12-15Kenya Electricity Transmission Companycorporate_debt311B
2025-12-02National TVET Institutions Solarization Programmecorporate_debtpledgeB
2025-11-30Synnefagrant0B
2025-11-30LOBO Technologies Ltdequity_raise1B
2025-11-29Karanja Orchard Solar Plantproject_finance0B
2025-11-22A2E Fund 7th Editiongrantpledge1A
2025-11-12Kipeto Wind FarmmaA
2025-11-06OrPower 22 Menengai Geothermal Projectproject_finance48A
2025-10-30Lessos-Loosuk and Kisumu-Kibos-Kakamega-Musaga transmission linesproject_finance341A
2025-10-29Kenya-Uganda Transmission Interconnectorguarantee_facilityB
2025-10-07Kaishan Terra Green Ammonia Limitedequity_raise800B
2025-10-05STOA / Atlas Tower Kenyaequity_raise27B
2025-09-29SunCulture (Savant Group Ltd.)equity_raise5B
2025-09-17Awasi solar plantproject_finance2A
2025-09-15Kenya Sovereign Sustainability-Linked Bond (forestation & rural electrification KPIs)corporate_debtpledge500B
2025-09-15Ketraco Bank & Pension Fund Transmission Financing Programmecorporate_debtpledge855A
2025-09-15132kV Sondu Substation Financingproject_financepledge10A
2025-09-01Koolboks Series Aequity_raise11A
2025-08-31CrossBoundary Energy C&I Platformequity_raise40B
2025-08-21Government of Kenyacorporate_debt169B
2025-08-20Gogo Hydropower Plantproject_finance64A
2025-08-14KCB Bankproject_financepledgeC
2025-08-01KenGen (Gogo Hydro Plant)corporate_debt64B
2025-08-01Ariya Finergy Limitedcorporate_debt1B
2025-07-10Nairobi International Financial Centre Authority (NIFCA)corporate_debt2,000B
2025-07-09Sun Kingcorporate_debt156B
2025-06-26National System Control Centre (NSCC) Projectgrant89B
2025-05-30Burn Manufacturing Co.corporate_debt5B
2025-04-21Kenya Powercorporate_debt119B
2025-03-25Koko Networkscorporate_debt10B
2025-03-24Kenya & Netherlandscorporate_debt3B
2025-03-144Life Solutionscorporate_debt10B
2025-02-22SunCulturecorporate_debt4B
2024-01-02Menengai Geothermal 35MWproject_finance117A
Last Mile Connectivity Project (Phase 4 & 5)project_finance93B

Project pipeline

ProjectTechMWStatus
KenGen Renewable Energy ExpansionOther5,500early_development
Baringo-Silali Geothermal ComplexGeothermal3,000early_development
Siaya Nuclear Power PlantOther1,500early_development
Dongo Kundu Gas-Fired Power PlantGas1,200early_development
KenGen Major Hydropower Plants RehabilitationHydro810early_development
High Grand Falls DamHydro700late_development
Suswa Geothermal Power PlantGeothermal300late_development
Meru Energy ParkHybrid220late_development
Kaishan Olkaria Geothermal & Green Fertilizer PlantGeothermal165construction
Olkaria VIGeothermal140late_development
Siruai Wind and Storage Hybrid ProjectHybrid100late_development
Siruai Wind and Storage ProjectHybrid100early_development
Kipeto Wind FarmWind100operational
Karura Hydropower ProjectHydro90late_development
Olkaria I Unit 6Geothermal83operational
Olkaria VIIGeothermal80late_development
Olkaria 1Geothermal63construction
Olkaria I Power Plant RehabilitationGeothermal63early_development
Olkaria Geothermal RevampGeothermal63construction
Microsoft-G42 Kenya AI Data Center (Olkaria)Other60stalled
Unnamed Kenya Solar-BESS ProjectHybrid50late_development
Seven Forks Solar PV ProjectHybrid48late_development
CUK Chancellor Legacy ProgramSolar40late_development
EPC Energy Kenya Solar PV and BESS ProjectHybrid40late_development
Menengai Geothermal 35MW (Globeleq)Geothermal35construction
OrPower Twenty-Two (OTTL) Geothermal Power PlantGeothermal35construction
OrPower 22 Menengai Geothermal ProjectGeothermal35late_development
Ol Ndanyat Wind Power Generation PlantWind30tendered
Mombasa Cement Vipingo Solar PlantSolar10operational
Tata Chemicals Magadi Solar ProjectSolar10late_development
Abyssinia Group Industries Solar ProjectSolar9early_development
Gogo Hydropower PlantHydro7construction
Wajir Hybrid Power ProjectHybrid6early_development
Baricho Solar Water ProjectSolar5construction
MRM Rooftop Solar ProjectSolar3operational
Mabati Rolling Mills Mariakani Rooftop Solar PlantSolar3operational
Awasi solar plantSolar3early_development
Coca-Cola Embakasi solar plantSolar2operational
Coca-Cola Embakasi solar plant (Expansion)Solar2early_development
Nyambunde SHPHydro2operational
Coca-Cola Kisumu solar plantSolar2late_development
Sameer Africa Enterprise Road solar projectSolar1operational
Del Monte Kenya solar plantSolar1operational
Consolata Mathari Hospital Seeds of Energy Solar ProjectHybrid1operational
KWAL Tatu City Solar PlantSolar1operational
Malaba One-Stop Border Post solar power systemHybrid0operational
Lodwar Modular Solar Hybrid SystemHybrid0operational
Habaswein hybrid power plantHybridoperational
KenGen BESS for Modular Data CentreBESSoperational
Kenya: Biomass and modern bioenergy industry developmentearly_development
Kenya: State-owned generator targets renewable additionsearly_development
Mageta Solar Mini GridSolaroperational
Mariakani SubstationGridoperational
Microsoft/G42 Olkaria Data CentreGeothermalcancelled
State-owned generator targets renewable additions
Maasai Mara Solar-Powered Clean Cooking and Water InitiativeSolarconstruction
Meru County Rural Electrification ProjectGridconstruction
Sondu–Homa Bay Transmission LineGridoperational
Kilifi and Malindi Substation UpgradeGridtendered
Menengai Geothermal Field Industrial ApplicationsGeothermalearly_development
Naivasha Treatment Plant ExpansionOtherlate_development
Octavia Carbon Geothermal Carbon Capture ProjectGeothermalearly_development
Lessos-Kabarnet Transmission LineGridoperational
National TVET Institutions Solarization ProgrammeSolarearly_development
Karanja Orchard Solar PlantSolarfinancing
Lessos-Loosuk and Kisumu-Kibos-Kakamega-Musaga transmission linesGridlate_development
Kenya-Uganda Transmission InterconnectorGridearly_development
Thuci DamHydroearly_development
Kiambere-Maua-Isiolo Transmission LineGridtendered
Kwale-Shimoni (Kibuyuni) Transmission LineGridtendered
Meru-Maua Transmission LineGridtendered
Kipevu-Mbaraki Transmission LineGridtendered
Nyambunde small hydropower (SHP) plantHydrooperational

Tariffs & policy

DateProgram / dealUS¢/kWhConf
2026-07-16Kenya Power-EEU cross-border power import PPA (renewed)15.50B
2025-11-12Kenya post-moratorium new PPA wholesale price cap7.00B
2025-10-01Kenya-Ethiopia 25-year PPA6.50B
2026-07-18CMA Licensing of Climate-Focused Fund Managers
Capital Markets Authority (CMA)
2026-06-08Kenya Green Hydrogen Industrialization Program
Government of Kenya
2026-06-01The Energy (Electricity Market, Bulk Supply and Open Access) Regulations, 2026
EPRA; Ministry of Energy and Petroleum; KETRACO; KPLC
2026-06-01Energy (Biofuels) Regulations, 2025
Ministry of Energy and Petroleum; EPRA
2026-05-25Transmission Infrastructure PPP Mandate
President William Ruto / KETRACO
2026-05-11National Government Vehicle Leasing Programme (Cycle 8 EV Rollout)
National Treasury
2026-04-27Last Mile Connectivity Programme debt recovery mechanism
Kenya Power; REREC
2026-04-27Kenya electricity tariff pass-through cost framework and EPRA tariff reassurance
Energy and Petroleum Regulatory Authority
2026-04-27Kenya electricity tariff pass-through cost framework and EPRA tariff reassurance
Energy and Petroleum Regulatory Authority
2026-04-15KIICO 2026 investment competitiveness reforms and power tariff review
Presidency; Ministry of Investment Trade and Industry
2026-04-09KIICO 2026 AI investment roadmap and regulatory reform proposals
Office of the Special Envoy on Technology; KenInvest
2026-03-23Proposed Removal of VAT Registration Threshold
Kenya Revenue Authority (KRA)
2026-03-23INEP Regulations 2025
EPRA
2026-03-23Net Metering Regulations
EPRA
2026-03-23Revocation of Tariff Frameworks
EPRA
2026-02-26Energy (Integrated National Energy Plan) Regulations, 2025 (Legal Notice 83 of 2025)
EPRA; Ministry of Energy and Petroleum
2026-02-25Net Metering Regulations
EPRA
2026-02-17Kenya National Carbon Registry
Ministry of Environment, Climate Change, and Forestry
2026-02-01Net Metering Framework
Ministry of Energy
2026-01-29Africa Green Industrialisation Initiative (AGII) Secretariat
Government of Kenya; AfCFTA Secretariat
2026-01-29Draft Geothermal Power Development Plan 2026-2036
Ministry of Energy and Petroleum
2026-01-23Revocation of EPRA Power Sector Investment and Tariff Guidelines
Energy and Petroleum Regulatory Authority (EPRA)
2025-12-15National Energy Policy
Cabinet of Kenya; Ministry of Energy and Petroleum
2025-12-02National Energy Policy
Cabinet of Kenya
2025-11-25Enhanced PPA Oversight and Beneficial Ownership Disclosure
Attorney General of Kenya; Parliament of Kenya
2025-11-12Kenya 10,000MW by 2032 Generation Target (Gulf PPP Initiative)
Government of Kenya; President William Ruto
2025-10-29Consolidated Energy Fund (CEF) Proposal
Ministry of Energy & Petroleum; EPRA
2025-10-29National Energy Compact for Kenya (2025–2030)
MoEP; KPLC; KenGen; KETRACO; REREC; EPRA; GDC; National Treasury; CDMU
2025-10-23Mvita Primary Schools Solar Plan
Mvita Constituency Office
2025-10-22Consolidated Energy Fund (CEF)
Ministry of Energy (Kenya)
2025-10-06KenGen 10-Year Renewable Expansion Plan
KenGen
2025-09-26Kenya Clean Energy Framework (100% Green Power by 2030, Net-Zero by 2050)
Government of Kenya; President William Ruto
2025-09-24High Court Ruling on Solar Aluminium Mounting Systems (2025)
High Court of Kenya; Kenya Revenue Authority (KRA); Tax Appeals Tribunal
2025-09-24Motion to Lift Moratorium on New PPAs (2025)
Ministry of Energy & Petroleum; Parliament of Kenya
2025-09-24National Construction Authority (Amendment) Bill, 2025
National Construction Authority (NCA); Senate Roads, Transportation & Housing Committee
2025-09-01National Construction Authority (Amendment) Bill, 2025
National Construction Authority (NCA)
2025-08-19Rural Mini-Grid Restoration Fund
Government of Kenya
2025-08-18National Energy Policy 2025-2034
Government of Kenya
2025-07-01Solar Water Heating (SWH) Regulations 2025
Energy and Petroleum Regulatory Authority (EPRA)
2025-07-01Solar Water Heating (SWH) Regulations 2025
Energy and Petroleum Regulatory Authority (EPRA)
2025-05-03Finance Bill 2025
Parliament of Kenya / National Treasury
2025-04-02Second Nationally Determined Contribution (2031–2035)
Ministry of Environment, Climate Change, and Forestry

Generation mix

2026-03 · % of generation (Ember, CC-BY) · monthly, auto-refreshed
Solar3.4%
Wind9.2%
Hydro28.6%
Bioenergy3.4%
Other Renewables47.1%
Fossil8.4%
Clean share, 2024-022026-03

Recent coverage

from the archive
2026-07-17Drive the future of solar energy in East Africa with us. ☀️ We're looking for a Business Development Manager (m/f/d) to join our team in Kenya and help accelerate the growth of renewable energy across the region. In this
builds on prior coverage — trace "looking" in Storyline for the history
2026-07-17We need to invest in solar powered irrigation and take full advantage of green energy. If we fail to act, this cycle will keep repeating. Kenya’s food basket is facing one of its worst droughts this year. It is a reminde
builds on prior coverage — trace "advantage" in Storyline for the history
2026-07-17Inside the KES 132 Billion Washington Pact That Ignored Kenya's Power Grid
Confirms the flagship $1B Microsoft-G42 Olkaria data center missed its May 2026 100MW go-live target and remains stalled, showing Kenya's ~3,200MW national grid cannot absorb a 1GW hyperscale load without dedicated transmission investment — a cautionary flag for lenders/developers eyeing large data-center offtake in East Africa.
2026-07-17The 1,000 MW Math: Why Kenya's Grid Cannot Handle Hyperscale AI
The cancellation of the 1,000 MW Microsoft/G42 data centre project highlights the critical grid capacity constraints facing hyperscale AI infrastructure in Kenya.
2026-07-17Ireland's Grid Maxed Out: What Kenya Must Learn About AI Demand
The article highlights the lack of a Large Energy User (LEU) policy in Kenya for data centers, contrasting it with Ireland's grid-stability mandates, which signals potential future regulatory tightening for hyperscale energy consumers in the Kenyan market.
2026-07-16Kenya to pay higher tariffs for Ethiopian electricity under renewed deal
Kenya Power's forced reliance on costlier Ethiopian imports — a direct consequence of its 2018 IPP moratorium — pushes its import tariff to ~15.5c/kWh a year ahead of schedule, signalling EEU's rising pricing leverage as Kenya's cheapest domestic-generation alternative stays blocked.
2026-07-16Scaling Kenya's Renewable Energy Future KenGen's General Manager, Commercial Services, Eng. Ronoh Kibet, joined @ntvkenya #FixingTheNation for a discussion on scaling Kenya's renewable energy future, highlighting the rol
builds on prior coverage — trace "General" in Storyline for the history
2026-07-16Affluent Kenyans ditch traditional property investments for tech, logistics and renewable energy, report shows
builds on prior coverage — trace "traditional" in Storyline for the history
2026-07-15Kenya is accelerating its clean energy transition with plans for gigawatt-scale renewable energy generation and battery energy storage investments, while advancing early-stage geothermal exploration designed to strengthe
KenGen's board approval for preliminary studies on a gigawatt-scale renewable and BESS pipeline signals Kenya's next phase of state-led utility-scale clean energy expansion, though concrete project details are yet to emerge.
2026-07-15Kenya Parliament Green Investment Dialogue pushes for uolicies to Unlock climate finance and clean energy investment
Kenya Parliament green investment dialogue — policy-level signal ahead of potential KPLC creditworthiness/wheeling reform; track whether legislative action follows.
2026-07-15Kenya targets gigawatt-scale renewable energy expansion as state generator advances geothermal and battery storage plans
builds on prior coverage — trace "gigawatt-scale" in Storyline for the history
2026-07-15Kenya: State-owned generator targets renewable additions
builds on prior coverage — trace "State-owned" in Storyline for the history
2026-07-15Back from Kenya after supporting the National Football League (NFL) Africa Championship and the International Player Pathway Program (IPP) for a second straight year with the Events Plus Network team. Long days, great pe
builds on prior coverage — trace "supporting" in Storyline for the history
2026-07-14At Centdoor, innovation and sustainability drive everything we do. The completion of a wind turbine project in Turkana County, Northern Kenya, marks a significant step forward for clean energy in East Africa. This projec
builds on prior coverage — trace "everything" in Storyline for the history
2026-07-14Kenya vs South Africa: What the Ethiopian Power Deal Teaches Eskom About Grid Sharing
builds on prior coverage — trace "Sharing" in Storyline for the history
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