Photo: Investment Fund for Developing Countries
Located in the windy region of the Loiyangalani District of Marsabit County, Kenya, Lake Turkana Wind Power is situated in a perfect location with an annual average capacity factor of around 60 per cent. And with its 310 MW capacity, provided through 365 Vestas wind turbines, the wind farm is the largest in Africa to date.
The Danish Climate Investment Fund (DCIF), managed by IFU, has been a co-owner, together with Vestas, of Lake Turkana Wind Power since construction began in 2014. The investment has been instrumental in securing the financing, construction and operation of the largest wind farm in Africa.
“Lake Turkana Wind Power is a flagship project, and we are proud to have played an active role in bringing this pioneering project through construction and into operations, providing affordable and reliable green energy in Kenya.” Reik Haahr Müller, Senior Vice President, Head of Green Energy & Infrastructure in IFU.
Now, following a strategy of developing wind farms without being a long-term owner, IFU and Vestas have divested their shares in the wind park in Kenya.
“Our role is to initiate things and withdraw when projects are running, and private investors are ready to buy the shares on market terms, with the goal of doing so within a ten-year horizon.”