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Climate Finance Monthly Newsletter - Issue N°9 - September 2011
Geothermal power in Kenya is plentiful, clean, unaffected by climate, and just waiting to be tapped. Development has been slow due to the high costs of project preparation activities like infrastructure development, surface exploration and appraisal drilling. But change is on the horizon as Kenya begins to activate its recently approved investment plan under the Scaling Up of Renewable Energy Program in Low Income Countries (SREP). The promise of concessional financing to absorb start-up costs and risks is a signal to private investors that Kenya’s emerging renewables market deserve a closer look.