Locale : Global (English)
Create document Page
Review document
Page Added

19 December 2018

Kipeto wind farm achieves financial close, Kenya

The US$300 million Kipeto wind farm, located approximately 50km south of Nairobi in Kipeto, Kenya, has successfully reached financial close. Mott MacDonald is lender’s technical advisor to the Overseas Private Investment Corporation on the scheme.

Consisting of 60 General Electric 1.7-103 wind turbine generators, the 102MW wind farm will provide clean energy to the Kenyan national electricity grid. It is anticipated that the project will generate 9000GWh of clean energy over its 20 year operational lifetime, the equivalent of removing 2,700,000 tonnes of CO2 emissions from the atmosphere.

Mott MacDonald’s due diligence during the scheme’s financing stage included reviewing the project’s design, contracts, environmental and social outputs, financial model, construction and operation arrangements and energy yield. The consultancy will now provide technical, environmental and social construction monitoring services in an ongoing role, as well as checking compliance with the engineering, procurement and management contract, applicable codes, standards and legislation and the loan agreement.

Matthias Vinard, Mott MacDonald’s project principal, said: “Due to supply shortfalls over recent years, Kenya’s power grid has relied on fossil fuel sources such as heavy fuel oil-burning power stations to expand capacity in the short term, however, a thriving wind power industry is beginning to emerge. Wind power, combined with solar, geothermal and hydro sources, will offset the need for fossil fuel-derived energy as Kenya’s economy and demand for electricity continues to grow.”

It is anticipated that the Kipeto wind farm will enter commercial operation in 2020.

expand-image mail-envelope icon-icon-linkedin-mmdv-green icon-close arrow-left icon-section icon-section-white arrow-down icon-arrow-down-sml icon-arrow-left-lrg icon-arrow-left-sml icon-arrow-right-lrg icon-arrow-right-sml icon-arrow-up-sml icon-champions icon-section icon-section-white icon-download icon-education icon-email icon-grid-view icon-language icon-link-to icon-list-view icon-location icon-login-register ec-icon-login-register icon-ec-apply-arrow icon-ar-apply-arrow icon-mm-icon-search-ec icon-minus icon-more icon-phone icon-plus icon-recently-viewed icon-search icon hash key-facts-corner-sash quote-underline social-icon-facebook social-icon-googleplus social-icon-linkedin social-icon-twitter social-share-icon-facebook social-share-icon-facebook social-share-icon-googleplus social-share-icon-googleplus social-share-icon-instagram social-share-icon-instagram social-share-icon-linkedin social-share-icon-linkedin social-share-icon-twitter social-share-icon-twitter social-share-icon-youtube social-share-icon-youtube sina-weibo MM-Shape01-Quote-Views MM-Shape03-Quote-Locations MM-Shape05-Quote-Projects MM-Shape12-Quote-Sectors MM-Shape13-Quote-Expertise MM-Shape14-Quote-About-Us MM-Shape14-Quote-Careers checkmark icon-expand-view icon-apply-now menu linkedin-mmdv-green icon-ad-close mail-mmdv-green icon-ad-menu menu-close ec-menu-close sphere icon-cookies icon-legal icon-registered-companies target rotate-screen video-replay-flat video-replay audio-mute audio-play
Mott MacDonald main logo

Would you like to hear more from us?

Sign up to receive notifications