Google is considering investing in the Kenyan $700 million wind power project; the largest wind power project in Africa, according to CNBC.
The wind power project, which will be located in Lake Turkana, Kenya, will span 40,000 acres of land. The power project is expected to boost Kenya’s energy capacity by 20% where less than 25% of the population have access to power.
“Google’s investment would be a significant vote of confidence for investors considering African power market entry,” said Kwame Parker, Standard Bank’s head of power and infrastructure for East Africa in the report by CNBC.
The deal has not yet been finalized and CNBC reports that Google would be a minority stakeholder when finalized. when the deal is sealed
While Google’s investment is usually within the U.S, investment in the Kenyan power project its first on the continent. In 2013, Google invested $12 million into South Africa’s Jasper Power project.
Photo Credit: @sage_solar via Compfight cc
