SkyPower today signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1GW of solar projects to be built in four phases in Kenya over the next five years. The monumental US $2.2 billion agreement was signed in Nairobi, Kenya.
"Kenya has become an African hub for innovation and entrepreneurship, and SkyPower is proud to contribute to this unprecedented milestone in Kenya's ambitious renewable energy plan," said SkyPower President and Chief Executive Officer Kerry Adler. "SkyPower's solar projects will help Kenya realize its electrification goals, support the development of the country's renewable energy industry and help the development of strong communities, generating a brighter future for all."
"We are very pleased to work with a world-leader in solar energy like SkyPower," said Henry Rotich, Cabinet Secretary of the Kenyan Ministry of Energy and Petroleum. "Sustainable electrification is a central policy issue in Kenya, and we are committed to making this a reality for our citizens, while accelerating economic growth in the process."
"SkyPower's US $2.2 billion investment will create more than 25,000 total job years in Kenya and includes 200MW of fabrication and assembly facilities, as well as a commitment of US $173 million toward education, training, and research and development," said SkyPower Executive Vice President Charles Cohen.