Kenya’s New Energy Auction System To Favour Wind And Solar Investments Ahead Of Geothermal
There are strong upside risks for growth in solar and wind power capacity in place of geothermal power in Kenya following the introduction of an auction-based mechanism for new power projects. Given the relatively lower costs associated with solar and wind power projects, we expect that this will make them ideally suited for the government’s plans to develop new power capacity along with its plan to provide universal electricity access to its population.
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