Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Green Power
Wind
Return to: CTBR Home | Green Power | Wind

Google to acquire minority stake in Kenyan wind farm

CTBR Staff Writer Published 21 October 2015

Technology major Google is to acquire 12.5% stake in the €625m Lake Turkana wind park in Kenya from Danish turbine manufacturer Vestas.

Vestas

A share purchase agreement to this effect was reached by both the companies.

The Lake Turkana wind park with an annual power production of more than 1,400GWh will cater to around 15% of electricity needs in Kenya.

Vestas will retain its equity stake in the project until its completion in 2017, upon which Google will formally join the Lake Turkana Wind Power investor group.

Google energy vice president John Woolard said: "We are making a commitment to invest in Lake Turkana because it makes financial sense, but also because it has the potential to have a massive impact on Kenya's grid, helping to spur the deployment of renewable energy in one of the world's fastest-growing countries.

"We look forward to joining Vestas and others to help accelerate progress toward a future of clean energy in Kenya."

With the addition of Lake Turkana wind farm, Google's clean energy portfolio grows to 22 projects. The investment in the Kenyan project is the company's second in Africa.

Vestas president and CEO Anders Runevad said: "We commend Lake Turkana Wind Power for their ground-breaking work in bringing the project to this stage.

"We are extremely proud to provide the technology and service for a project that will be one of the most efficient wind parks in the world and which upon completion will include Google among its investors."

Construction on the wind project commenced in November last year. The wind farm will feature 365 Vestas V52-850kW turbine units, the related overhead electric grid collection system and a substation.


Image: The Lake Turkana wind park will cater to around 15% of electricity needs in Kenya. Photo: ©Vestas.