Kenya is one of Africa’s leaders in renewable energy. More than 80% of its electricity comes from clean sources. But for many businesses and institutions, reality is stark: high electricity tariffs and an unreliable grid due to aging infrastructure and dependence on weather-sensitive hydropower. Many businesses also depend on expensive diesel generators as backup. This raises costs and disrupts day-to-day operations.
On-site solar: a reliable alternative for large energy users
On-site solar offers a clear alternative. It can lower energy bills and provide a more stable and dependable power supply.
Linking Peruvian smallholder farmers to international markets
Founded in 2015, Miale Solar has developed and now operates a growing portfolio of solar assets for large energy users in Kenya. These include businesses and institutions in education, healthcare, manufacturing and agricultural value chains. Customers get on-site solar power through Power Purchase Agreements and solar leases, often below grid rates. Miale Solar owns, maintains and manages the system throughout the contract period.
With financing from Hivos-Triodos Fonds, Miale Solar plans to deliver a total capacity of 9 MW over the next 24 months through rooftop and ground-mounted solar installations.
Photos by Ann Asare, Triodos Investment Management
About this transaction
Trine AB, the Nordic region's leading platform for investment in electrification across next generation emerging markets, served as both co-lender and financial advisor for the transaction. This deal demonstrates how crowdfunding and private investment can be combined to scale clean energy in emerging markets.