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Actis closes Kipeto Wind power financing deal
A Turkana herdboy near turbines at the Lake Turkana Wind Power project in Loiyangalani. London-based private equity company Actis will fund the 100MW Kipeto Wind Power project, Kenya's second largest wind farm. FILE PHOTO | NMG
London-based private equity company Actis LLP has acquired the equity interests of both the International Finance Corporation (IFC) and the African Infrastructure Investment Managers in the Kipeto Wind Power project, making it the largest shareholder in Kenya’s second largest wind farm.
Actis, which will now fund the 100MW project by 88 percent together with Kenyan partner Craftskills Wind Energy International at 12 percent, will also rope in senior debt from the Overseas Private Investment Corporation (OPIC) - the US Government’s development finance institution.
