- In a bid to increase its national installed geothermal capacity to 10,000 MW by 2037, Kenya is looking to partner with Italian investors.
- This is more than ten times the present capacity of 949.13MW as of June 2022.
- An agreement was made in October 2022 between Unione Geotermica Italiana (UGI) and the Geothermal Association of Kenya (GAK), under which Italian investors will invest in selected geothermal projects.
Kenya is looking for Italian investors to help it reach its goal of increasing its national installed geothermal capacity to 10,000 MW by 2037. This is more than ten times the present capacity of 949.13MW as of June 2022.
Notwithstanding the enormous potential given by geothermal output, its development has been gradual, owing to, among other things, the large upfront financial commitments necessary by IPPs for infrastructure development; exploration, geothermal well drilling, and power plant building.
To that end, the Ministry of Energy and Petroleum is organizing the Italian-Kenya Business Investment Forum with an emphasis on Geothermal energy, with the goal of encouraging collaboration between energy institutions and firms in both countries.