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SkyPower doubles its solar power investment in Kenya

SkyPower doubles its solar power investment in Kenya

Earlier this year, Canadian solar photovoltaic (PV) energy developer SkyPower announced that it was on the verge of inking a groundbreaking energy deal with Kenya—at the end of July 2015, the developer signed a $2.2 billion USD agreement with the Kenyan Ministry of Energy and Petroleum to deliver one gigawatt (GW) in “world-class solar projects” over the next five years. It appears that this deal is already going well: this week SkyPower announced plans to double its initial investment in Kenya’s solar power industry, bringing the total up to a cool $4.4 billion.

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According to Clean Technica, the solar company is still moving full-steam ahead on its plan to develop the infrastructure necessary to generate up to one gigawatt of solar power. As part of this new deal, that existing plan has been spruced up with a further agreement to support Kenyan infrastructure on a more personal level, distributing two million home solar power kits and other perks throughout the country:

The announcement was made following a meeting of top SkyPower officials with the President of Kenya. While SkyPower has not stated by how much the installed capacity would be increased under the fresh agreement, SkyPower does intend to distribute more than 3,000 solar-powered street lamps.

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As Clean Technica also notes, SkyPower is making it a priority to greatly expand its global footprint at the moment—the company is also concurrently investing heavily in Bangladesh, and already boasts offices in 34 countries and more than 25,000 megawatts’ worth of solar PV projects under construction around the world. This most recent investment is another strong way for SkyPower to put its name on the map in a major way.

[SOURCE: Clean Technica]

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