The European Investment Bank will offer a Sh7.5 billion loan this year for construction of two solar power plants, underlining the growing interest by global organisations in financing Kenyan green projects.
The bank said the €60 million (Sh7.5 billion) credit line would go to Radiant Energy and Eldosol Energy, which are owned by same developers and whose solar projects are located next to each other in Eldoret. The two solar parks have a capacity of 40 megawatts each.
