Kenya signs MOU to establish hybrid wind project by 2021
The Kenyan Investment Authority and Meru County Government have entered into a Memorandum of Understanding (MoU) with leading global renewable energy developers Wind lab and Eurus Energy for the development of Africa’s first large scale hybrid wind, solar PV, and battery storage project – the Meru County Energy Park.
The Meru County Energy Park will provide up to 80MW of clean and sustainable renewable energy, consisting of up to 20 wind turbines and more than 40,000 solar panels.
The project is expected to inject $150 million in investment to Meru County, Kenya and will produce enough reliable, predictable energy to power well over 200,000 homes.
The agreement was signed at an official ceremony in the presence of Cabinet Secretary, Foreign Affairs, Ambassador Monica Juma of the Republic of Kenya, and Prime Minister Shinzo Abe of Japan) forms part of the 7th Tokyo International Conference on African Development (TICAD 7), which is being held this week in Yokohama, Japan.
It is a flagship project for Meru County Investment and Development Corporation (MCIDC).
The project is being developed in a partnership between MCIDC and Wind lab East Africa (which is owned by Wind lab Limited and Eurus Energy), as a premier example of a successful Public-Private Partnership initiative.
The project is expected to commence construction in 2021 and Meru County will continue to own part of the project when operational. The MCIDC shareholding will earn the County predictable revenue over the project lifecycle over and above the inherent project implementation benefits to the local community.
The MoU confirms the cooperation between the Government of Kenya through Ken Invest and Meru County Government) and Wind lab and Eurus Energy towards the implementation of the project, which will also include capacity building and knowledge transfer efforts.
Wind lab has operated globally for over a decade and has a stellar track record of delivering renewable energy projects across three continents, including the successful development and implementation of the world’s first utility-scale hybrid renewable energy project, Kennedy Energy Park in Australia (which is co-owned by Eurus Energy).
Wind lab and Eurus Energy have a successful history of developing and implementing innovative projects and are expanding partnership to include the Kenyan Government through the TICAD commitments.