New Release
The Republic of Kenya is a leader in the renewable energy industry on the African continent due to several key factors including a comprehensive mix of policy, market-based incentives, and the country’s ability to capitalise on its renewable energy abundance. The government of Kenya has been at the forefront of promoting and prioritising the development of geothermal, wind and solar energy plants for grid-interconnected projects. As of 30 June 2024, the installed capacity of renewable energy sources in Kenya was 2,859.4 Megawatts (MW), accounting for 79.89% of the country’s total installed capacity[1], with plans to transition to 100% renewable energy by 2030 through implementing the Renewable Energy Integration (REI) Investment Plan. The current capacity consists of 2,427.1 MW of interconnected renewable energy capacity, 427.7 MW of captive renewable energy capacity[2] and 4.0 MW of off-grid renewable energy capacity. Furthermore, 83% of the energy supplied to Kenya’s national grid was obtained from renewable energy sources with geothermal being the dominant contributor at 33%. Going forward, we expect continued growth in the various subsets of the renewable energy industry due to increased interest from investors as well as initiatives from the government to promote the use of renewable energy both at the national and sub-national levels.
The 2024 Kenya Renewable Energy Industry Risk Report captures the following:
| · An Overview of the Kenya Renewable Energy Industry | |
| · Industry Structure
· Trends and Recent Developments in the Industry |
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| · The Regulatory Environment | |
| · Key Risk Factors | |
| · Industry Outlook and Risk Rating |
[1] Energy & Petroleum Statistics Report for the Financial Year Ended 30th June 2024
[2] Captive installed capacity refers to energy generation that occurs solely for the purpose of using that energy by the person or entity that generates it
