Kipeto

The energy generated from Kipeto, the second largest wind farm in Kenya, will be sold exclusively to the national offtaker under a 20-year power purchase agreement. The project is funded by equity from Actis and a Kenyan company, Craftskills Wind Energy International, alongside $233 million in debt financing from Overseas Private Investment Corporation, the US Government™s development finance institution. Overseas Private Investment Corporation has also committed $50 million in re-insurance while the African Trade Insurance Agency is providing a standalone guarantee. A U.S. company will provide the 60 wind turbines required for the project, which also consists of underground cables to a substation, and a 220 kV overhead transmission line. Power Africa conducted a Biodiversity Action Plan to mitigate possible impacts of wind turbines on endangered raptors at the site. Power Africa™s partner, Actis, undertook extensive community engagement efforts including the development of a Community Development Framework and the creation of a Community Trust. As one of the first wind Independent Power Producers in Kenya, Kipeto paves the way for future private investment in Kenya™s nascent wind energy sector.