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Kenya Electricity Generating Company (KenGen) has marked a significant milestone in its quest to attract green investments at the Olkaria Green Energy Park. The announcement of an electric vehicle (EV) company poised to establish a manufacturing plant on site promises to catalyze economic growth, with projections of creating over 3,000 direct jobs and an additional 10,000 indirect positions. Cabinet Secretary for Energy and Petroleum Opiyo Wandayi revealed that groundbreaking for the facility will commence next week, emphasizing the project's alignment with the government’s sustainable development goals through the use of clean geothermal energy.

The initiative comes at a time when Kenya is increasingly positioning itself as a prime destination for green investments. This follows a recent $1 billion agreement involving the government, Microsoft, and G42 to develop a cutting-edge data center at the energy park. Wandayi underscored the importance of utilizing renewable resources to enhance economic opportunities, particularly within designated special economic zones that promote climate-smart industrialization.

Moreover, Wandayi reaffirmed Kenya's commitment to the Vision 300 initiative, which aims to provide electricity access to 300 million Africans by 2030, backed by a $90 billion funding strategy. The government's ongoing efforts to finalize its energy compact policy—a strategic framework to drive the transition to sustainable energy—reflect its ambition to achieve a 100% clean energy transition by the same year.

The Cabinet Secretary called on global partners to support Kenya’s long-term objectives, which include diversifying the renewable energy portfolio through geothermal, wind, and solar resources. The plans entail integrating smart grids, efficient energy storage systems, and affordable clean energy solutions to ensure a reliable power supply for consumers.

KenGen's commitment to expanding its geothermal power generation is evident, with a target to add 1,500 megawatts of clean energy by 2034. Managing Director Eng. Peter Njenga emphasized the company's role as a catalyst for an inclusive energy transition that prioritizes green growth over fossil fuel reliance. Meanwhile, Board Chairman Alfred Agoi echoed the necessity for enhanced partnerships in clean energy financing, stating that access to reliable energy is crucial for sustainable development.

As KenGen continues to lead the charge in renewable energy, it captures 60% of the national market share with an installed capacity of 1,786 megawatts. The current energy mix comprises hydro, geothermal, thermal, and wind sources, with over 90% of KenGen's power generation stemming from renewables. This commitment to sustainability positions Kenya as a beacon of hope in the global transition towards cleaner energy solutions.