Kenya receives over KSh2.8 billion grant from European Union to boost green energy generation

  • The Kenyan government remains interested in achieving a 100% green energy transition by 2030.
  • Energy Cabinet Secretary (CS), Davis Chirchir, explained that the country’s green energy currently reaches 92%
  • Chirchir was speaking during the launch of the Resilient Green Electricity System Program for Kenya in partnership with the European Union on Tuesday, May 21. journalist Wycliffe Musalia brings over five years of financial, business and technology reporting experience, offering deep insights into Kenyan and global economic trends.

Kenya has partnered with the European Union (EU) and Team Europe partners (KfW and EIB) to support their agenda of a 100% green energy transition by 2030.

Davis Chirchir said the funds received under the program will support Kenya's energy sector.
Energy CS Davis Chirchir (left) and European Energy Commissioner Kadri Simson (right) launching the green and resilient electricity programme. Photo: EU in Kenya.
Source: UGC

The EU provided €20 million (Ksh 2.8 billion) to support the country’s Green and Resilient Electricity System Programme.

How much will Kenya need to get 100% green energy?

Read also

The US government denies having financed William Ruto’s flight on an expensive plane

During the launch of the €256 million (36 billion Kenyan shillings) programme, Energy Cabinet Secretary Davis Chirchir noted that the initiative aims to make Kenya’s energy system more resilient, efficient and clean .

PAY ATTENTION: Do you have a video that never fails to make you smile? Spread positivity by sharing it with us via WhatsApp: 0732482690.

“The program definitely contributes to Kenya’s energy and climate goals, driving socio-economic growth and transformation and supporting green industrialization, employment and the reduction of greenhouse gas emissions,” Chirchir said during the launch at the 9th IEA Annual World Conference on Energy Efficiency. on Tuesday, May 21.

How the EU will support Kenya’s 100% green energy

European Commissioner for Energy Kadri Simson, who signed a bilateral agreement with CS Chirchir, said the program will boost Kenya’s sustainable energy future through critical investments and capacity-building measures to expand the country’s green electricity production.

Read also

Finance Bill 2024: Kenya insurers oppose proposed 2.5% motor vehicle tax on car owners

“The program will support Kenya’s socio-economic development and green transition. “It boosts the renewable energy sector by increasing electricity generation capacity through additional generation from hydro, geothermal and solar sources and strengthening the reliability and efficiency of the transmission system,” Simson said.

Speaking exclusively with Energy CS confirmed that the Sh36 billion program will come close to the current green energy transition of 92% to 100%.

“We are at 92% and the partnership aims to close the gap to 100% by improving grid strengthening and improving the grid code to incorporate more sources such as solar, wind and battery storage,” Chirchir said. .

He welcomed the partnership and noted that the government will work closely with the EU.

How the transition to green energy will offset electricity challenges

“Good funding is being received under the green resilience electricity program to help us transition and create a robust transmission network to offset flood-related challenges,” he said.

Read also

Trade CS Rebecca Miano explains how Kenya will benefit from William Ruto’s visit to the United States

During rains and floods, Kenya’s power grid suffers damage to the power supply infrastructure, causing power outages.

In April 2024, Kenya Power and Lighting Company (KPLC) urged its customers to stay safe and alert during the rainy season, which caused flooding.

Are there other EU investments in Kenyan green energy?

In 2023, the EU promised to increase its investments in Kenya by hundreds of millions of dollars to strengthen ties.

EU ambassador to Kenya Henriette Geiger said the move was aimed at unlocking “untapped potential to be discovered and exploited”.

The agreements include a pledge of $200 million (25.9 billion Kenya shillings) from the European Investment Bank to help the Trade and Development Bank, run by several African states, support businesses in eastern and southern Africa. affected by the war in Ukraine.