By Brian Ngugi
A Busia-based Portuguese off-grid energy company says it targets selling solar-based renewable power to 45,000 households in Kenya after acquiring nine new off-grid clean energy sites in five counties.
RVE.SOL, which operates in Kenya as Kudura Power East Africa, said it acquired the Kenya sites from Seattle-based investment fund Vulcan founded by Microsoft co-founder Paul G. Allen. The sites are in Marsabit, Turkana, Kajiado, Nakuru and Migori.
“The acquisition puts us well on our way to operating 50 sites and serving 45,000 people with renewable electricity by mid-2021,” RVE. SOL founder and managing director Vivian Vendeirinho said. “We are building more sites in Busia this year.”
The planned expansion coincides with undisclosed equity investment from New York-headquartered Acumen through its Pioneer Energy Investment Initiative (PEII) arm. Read more…