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SkyPower inks $2bn deal to build solar power plants in Kenya

EBR Staff Writer Published 27 July 2015

Canadian utility-scale solar developer SkyPower has signed a $2.2bn agreement with the Kenyan Energy and Petroleum Ministry to develop 1,000MW of solar power plants.

Expected to create more than 25,000 jobs, the projects are planned to be built over the next five years in four phases.

SkyPower president and CEO Kerry Adler said: "SkyPower's solar projects will help Kenya realize its electrification goals, support the development of the country's renewable energy industry and help the development of strong communities, generating a brighter future for all."

The agreement includes development of 200MW of fabrication and assembly facilities, and a $173m investment in education, training, and research and development.

Kenya Energy and Petroleum Ministry cabinet secretary Henry Rotich said:"Sustainable electrification is a central policy issue in Kenya, and we are committed to making this a reality for our citizens, while accelerating economic growth in the process."

The deal was signed at the sixth annual Global Entrepreneurship Summit (GES) held in Nairobi.

SkyPower recently signed agreements to build 6,000MW of solar power plants in Egypt and Nigeria. This brings the company's pipeline of utility-scale photovoltaic energy projects to over 25GW.