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General

Google looks to invest in USD 700 mln Kenya wind farm

Friday 12 June 2015 | 13:53 CET | News
Google is in talks to become an investor in the USD 700 million, 40,000 acre Lake Turkana Wind Power Project in Kenya, CNBC reported, citing sources. The project's 310 megawatt capacity is expected to boost Kenya's installed energy capacity by 20 percent. If the deal gets finalised, which is not yet a given, Google would be a minority stakeholder. Google declined to comment on the report and Turkana said that the company was not yet involved in the project. Turkana has raised all the investment it needs. Kwame Parker, head of power and infrastructure for East Africa at South Africa's Standard

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Categories: General
Countries: Africa
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