UNEP FI: Events: Launch of Financing Renewable Energy in Developing Countries: Drivers and Barriers for Private Finance in sub-Saharan Africa

Smart public policies are key to powering up sub-Saharan’s Africa’s clean energy potential, said the head of UNEP Achim Steiner while unveiling UNEP Finance Initiative’s latest report in Nairobi.

In doing so, millions can be lifted out of poverty and the sustainable development potential of the continent far sooner realized, says the report, which was released at UNEP headquarters in Nairobi, Kenya, to mark the Africa launch of the United Nations 2012 International Year of Sustainable Energy for All.

 

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UNEP FI: Events: Launch of Financing Renewable Energy in Developing Countries: Drivers and Barriers for Private Finance in sub-Saharan Africa.

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Kenya’s Lake Turkana wind project delayed

Nairobi, Kenya — ESI-AFRICA.COM — 18 March 2011 – First power from Kenya’s 300MW Lake Turkana wind project ‒ the largest of its kind in Africa ‒ has been pushed back slightly because of delays in obtaining the necessary government guarantees. 

In January the Kenyan government finally provided letters of support from the ministry of finance, giving its backing to lenders for the 560 million euro (US$784 million) project.

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