SkyPower Global is a Canadian company and will develop the solar project in a period of five years. According to SkyPower’s website, the Toronto-based company “is the largest and one of the most successful developers and owners of utility-scale solar photovoltaic energy projects in the world.”
SkyPower “has built, assembled and acquired a pipeline of over 25 gigawatts” worldwide — 6 gigawatts of which was recently announced in bilateral agreements to be built over the next five years in Egypt and Nigeria, it said.
While the outlines of the agreement aren’t set, “We have an overwhelming interest from our investor base as well as from numerous banks, NGOs and development banks,” SkyPower Chief Executive Officer Kerry Adler has been quoted to have said. “In this particular case, there are many avenues for financing these projects that are being reviewed by our finance team.”
Kenya currently derives about two-thirds of its electricity from renewable sources; hydropower stations and geothermal wells. This Solar project would be the biggest of Kenya’s solar project as the country has no solar developments of that scale.