EAIF

The $87 million Kesses solar project, in Kenya’s Rift Valley town of Eldoret, is set for completion by Spanish developer Alten this year.

Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private Infrastructure Development Group (PIDG), the event is likely to bring considerable global focus on what it does and how it does it. In the following Op-ed Martijn Proos from Ninety One, the EAIF’s managers, discusses the role of EAIF and how it is helping to fund new renewable energy capacity across Africa.

The monocrystalline facility, planned near the town of Pâ by Swiss-owned developer Urbasolar following a tender, will help the government towards its target of reaching 200 MW of solar capacity this year.