Globeleq has finalized a US$117 million investment in the 35 MW Menengai geothermal project. Scheduled to be operational in 2025, the project will supply renewable energy to Kenya’s national grid, in line with the country’s goals of energy diversification and reduced dependence on fossil fuels.
Partners and Project Structure
The project involves strategic partnerships with Toyota Tsusho Corporation and CFAO Kenya Limited for the construction, as well as long-term agreements with Geothermal Development Company for the supply of steam and with Kenya Power for the purchase of electricity. These collaborations underline the importance of public-private partnerships in the development of energy infrastructure in Africa.
In addition to contributing to Kenya’s sustainable development strategy, the Menengai project plays a key role in the country’s energy transition. By providing a clean, reliable source of energy, it helps reduce greenhouse gas emissions and offers a more affordable alternative to traditional energies.
African Energy Context and the Role of Geothermal Energy
This project is part of a wider search for sustainable energy solutions in Africa. As a renewable energy source, geothermal power is increasingly recognized for its potential to provide clean, reliable energy, contributing to the continent’s energy transition objectives.
The financial success of Globeleq’s Menengai geothermal project represents a major milestone for the Kenyan and African energy sector, illustrating the effectiveness of public-private partnerships in the realization of renewable energy projects.
