Globeleq’s 52MWp Malindi solar plant now supplying power to Kenya’s grid

KENYA – African-focused renewable energy independent power producer, Globeleq, and its project partner, Africa Energy Development Corporation (AEDC), has indicated that its 52MWp Malindi solar photovoltaic (PV) plant is now supplying power to Kenya’s national grid.

The facility started exporting clean renewable energy to the grid on the 14th of December 2021.

The power plant is delivering enough electricity to supply approximately 250,000 residential customers and will avoid 44,500 tons of CO2-equivalent emissions annually.

Made up of 157,000 photovoltaic panels, it is one of the first IPP-owned utility-scale solar plants in Kenya and the only renewable power plant located in the Coastal area. 

The US$69 million solar plant is located in Langobaya, Malindi District, Kilifi County, about 120 kilometers northeast of Mombasa and started construction in 2019.

The new solar farm is a project developed, financed and implemented by UK-based independent power producer (IPP) Globeleq, in partnership with Africa Energy Development Corporation (AEDC), a renewable energy company.

The company, which operates mainly in East Africa, has a 10% stake in the deal, with Globeleq, a company owned by British investor CDC Group (70%) and Norfund of Norway (30%), holding 90%.

Electricity is being sold through a 20-year agreement with the national distribution company, Kenya Power.

The project also included the construction of a new 220 kV Weru substation which has already been handed over to Kenya Power and is now a part of the national grid infrastructure.

“It is exciting to see this plant operating.  Malindi is our tenth operational solar PV plant in Africa and cements our unique position as a leader in large-scale solar generation. Thank you to all involved for making this project a success and supporting plans to achieve net-zero by 2050” said Mike Scholey, Globeleq’s Chief Executive Officer.

Zohrab Mawani, AEDC’s Director commented by saying: “AEDC is pleased that the Malindi project has reached this all-important milestone and is contributing to Kenya’s supply of renewable and affordable electricity.”

Financing of Malindi Solar was organized by CDC, the UK’s development finance institution, as the lead arranger and sourced US$52 million in debt financing including US$20 million from DEG, the German development finance institution.

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