The Climate Investment Funds (CIF) has approved a $70 million plan to support Kenya’s transition to 100% renewable energy for its national grid by 2030. The initial allocation of $46.39 million from CIF’s Renewable Energy Integration (REI) investment program will facilitate the integration and utilization of renewable energy in Kenya’s grid.
This move positions Kenya to potentially unlock an additional $300 million from public and private sectors, including the African Development Bank Group and the The World Bank, supporting the country’s goal to reduce greenhouse gas emissions by 32% by 2030 and achieve Net Zero by 2050. The plan aims to improve dispatch, grid stability, and flexibility, fostering private sector investment in storage technologies and increasing the share of variable renewable energy from 19% to 30% by 2030.
