As part of President Obama’s Power Africa initiative, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today committed $233 million in debt financing to support construction and operation of the Kipeto Wind Power Project in Kajiado, Kenya.
The 100-megawatt, grid-connected wind power facility located south of Nairobi will be, when complete, one of the first utility-scale wind projects to come online in Kenya, where over 75% of the population still lack access to reliable electricity. Elizabeth Littlefield, President and CEO of OPIC, signed a commitment letter of OPIC’s debt finance support alongside Jurie Swart, CEO of African Infrastructure Investment Managers (AIIM).
