SkyPower signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1 GW of solar projects to be built in four phases in Kenya over the next five years.
The $2.2 billion agreement was signed at the sixth annual Global Entrepreneurship Summit (GES) which was taking place in Nairobi.
"Kenya has become an African hub for innovation and entrepreneurship, and SkyPower is proud to contribute to this unprecedented milestone in Kenya’s ambitious renewable energy plan," said SkyPower president and CEO Kerry Adler. "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."
"We are very pleased to work with a world-leader in solar energy like SkyPower," said Henry Rotich, Cabinet Secretary of the Kenyan Ministry of Energy and Petroleum. "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."
SkyPower’s investment will create more than 25,000 total job years in Kenya and includes 200 MW of fabrication and assembly facilities, as well as a commitment of $173 million toward education, training, and research and development, the company’s executive VP Charles Cohen said.