Investment is the father and mother of business. Without it, it’s impossible to birth any business venture. It is therefore critical for investments into renewable energy to increase drastically if this clean energy is to take root and power the country forward.
When President Kenyatta launched construction of the Lake Turkana Wind Farm last week, he urged other investors to follow the footsteps of the mammoth wind farm’s financiers who invested nearly Sh70 billion into the project. This staggering amount is the largest single private investment in Kenya’s history and it shines a new light not just on the potential of renewable energy, but also on the investment needed to make it happen.