Germany Offers EUR 112 Mn Euros to Kenya for Renewables, Hydrogen

Dec 13, 2022 11:24 AM ET
  • EUR 51 million will certainly be offered by Germany to Kenya for the development of new power framework and production of hydrogen.
  • EUR 30 million will certainly be used for the training programs.

The German government is mulling to offer EUR 112 million or $118 million to Kenya to aid the Eastern African country develop its renewable energy market even more and attain 100% renewable resource much faster. The funds being offered will certainly also help Kenya for the production of green hydrogen.

According to reports, the manufacturing of green hydrogen with the employment of renewable energy will be indicated for export functions. It can likewise be used for the production of fertilizers for the residential agriculture industry of Kenya.

Presently, Kenya is creating about 90 percent of its electricity from sustainable sources. The main resources of power are hydropower, geothermal energy and also wind power.

Kenya has actually a stated purpose to totally eliminate using nonrenewable fuel sources for electricity production by the end of this years.

The Development Ministry, Federal Government of Germany, has supplied a break up of the economic help. It held that EUR 51 million will certainly be offered the development of new power facilities and also manufacturing of hydrogen. EUR 30 million will be utilized for the training programs.

The German government said that EUR 30 million will certainly be spent on numerous initiatives to make sure that agriculture in Kenya is extra resilient to drought. EUR 1.5 million will also be allocated for anti-corruption programs in the eastern African nation.

Of the total funds being offered by the German government, EUR 76 million will certainly be given in the type of loans. This is part of the contract authorized between Olaf Scholz, Chancellor of Germany and also William Ruto, President of Kenya at the UN climate conference in November.

Just recently, Bboxx as well as Unilever-- through its cleaning agent brand Sunlight-- teamed up to supply speed to clean power access for 1 million people in Kenya with a goal of transforming their lives.

The growth of renewables is gaining some momentum of late owing to foreign aid and modern technology transfers. The United Nations (UN) made a donation of $10 million to Zimbabwe to fund the development of its renewable energy projects as the country faces acute power shortages and prolonged darkness hampering the financial tasks and the quality of life of the citizens.

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