Four Kenyan Firms Picked for Sh1.3bn Green Energy Fund

Published: Jan. 10, 2016

By John Gachiri for Business Daily

Four Kenyan companies are amongst 13 firms that will receive Sh1.3 billion for green energy enterprises in the agricultural sector.

Green energy firms SunCulture — the largest recipient — FuturePump, Ariya Capital Group Limited and KickStart International will benefit from the Powering Agriculture: An Energy Grand Challenge for Development (PAEGC) programme.

The PAEGC funds startups and other firms supplying clean energy used to increase farm yields or for value addition.

“The 13 projects come from nine countries, and seven are Africa-focused. The funding was divided among them, with Kenya’s SunCulture receiving the largest grant at $2 million (Sh204 million),” said Power Agriculture.

SunCulture distributes solar-powered irrigation systems in Kenya, Tanzania, Uganda, and Zambia.

The programme is funded by the United States Agency for International Development, Government of Sweden, the Government of Germany, Duke Energy Corporation and the United States Overseas Private Investment Corporation.

Supplying power to the agricultural sector has been one of the priorities of the Jubilee administration.

The government has in the past said the country plans to add an additional 5,000 megawatts of power by 2017, partly meant to support value addition in the agricultural sector.

Related News & Events: 
Aug. 30, 2017

Claro Energy will be installing a 1 MW rooftop solar panel project in Bhopal, Hoshangabad, Gwalior and Jabalpur. This will add to their already impressive footprint in India, where they've installed more than 6000 solar pumps across 16 states.

Aug. 10, 2017

Claro Energy's Kartik Wahi sat down with Rural Marketing to discuss his company's progress, challenges, plans and impact. Their solar pumps change lives—farmers using them grow a larger variety of in-demand crops, see much higher profits, and have more control over their power supply.

Aug. 8, 2017

Ariya Leasing, a subsidiary of Ariya Capital, Ltd., provides financing for solar power systems to businesses, with a special focus on the agricultural sector. Access to solar power will allow Bondet Farm to save on energy costs, and to operate with a reduced environmental impact.

Aug. 4, 2017

Ecoligo has launched a new project on its crowdinvesting platform, shortly after installation has begun on the startup’s first two crowdfinanced solar systems. The financing volume is 144,000 € and will be managed by Ariya Capital.