Insurance a better alternative to power purchase agreements

Asset protection covers would be appropriate for power plants set up in areas with extreme weather. [File, Standard]

Kenya, lying on the tropics, has economically significant green energy sources. The main renewable sources of energy in Kenya are geothermal, wind, solar and hydropower. The Energy Act (No 1 of 2019), among other policy and regulatory developments, aims to achieve the government’s target of increasing the proportion of installed capacity of green energy to 60 per cent by 2037.