Kenya to Receive USD 4.48 billion in green manufacturing deals
Big day for Kenya in @COP28_UAE with the announcement of USD 4.48 billion in green manufacturing deals during the launch of the Africa Green Industrialisation Initiative (AGII), presided over by President @williamsruto in collaboration with the COP28 Presidency (UAE) and other African states. Deals announced:
Green Fertilizer (USD 1.5B): Fortescue and Kenya collaborate for a green ammonia project, boosting energy security and cutting reliance on imports.
Data Centre at Olkaria (USD 600M): KenGen, Konza, and US investors plan a 200MW data center using geothermal energy.
Suswa Geothermal (USD 1B, 300MW): Kenya partners with Indonesia and Masdar for a 300MW geothermal project.
Menengai Geothermal (USD 110M, 35MW): Globeleq develops a 35MW geothermal project in Menengai, ensuring secure investments.
Paka Geothermal (USD 800M, 200MW): GDC and AMEA Power collaborate on an USD 800 million Paka Geothermal project.
Clean Energy Supply Chain (CESC) (USD 200M): US, Brazil, India, and Kenya launch CESC for clean energy supply chain expansion, with a USD 568 million loan for developing countries.
Sustainable Agriculture (USD 270M): United Green and Kenya Development Corporation partner for a 15,000-hectare sustainable agriculture project.
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