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Empower New Energy

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Norwegian firm pumps Sh309m into Awasi solar project

Norwegian solar financier Empower New Energy has invested Sh309 million ($2 million) to construct a 2.5 MWp solar facility at a steel plant in Awasi run by Abyssinia Iron and Steel Limited. This initiative is anticipated to bring cost-effective and clean energy solutions to Kenya, contributing to a more sustainable future for the country's manufacturing industry. The project, representing Empower's initial investment in Kenya, is projected to produce 4.8 GWh of renewable electricity annually. The investment in renewable energy by Empower New Energy and Abyssinia Steel reflects a positive shift towards sustainable and cost-effective power solutions in Kenya's industrial sector. This transition also highlights the increasing competition facing traditional energy distributors in the country.
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https://www.businessdailyafrica.com/bd/corporate/companies/norwegian-company-injects-sh309m-in-awasi-solar-plant--4471546



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104 more agrees trigger scaled up advertising

  • Ann Nyambura

    15 w

    This project contributes to achieving a more diversified and sustainable energy portfolio.

    3
    • Rukia Ahmed Abdi

      15 w

      Norwegian solar financier Empower New Energy's investment of Sh309 million ($2 million) in a 2.5 MWp solar facility at a steel plant in Awasi, Kenya, is a positive development for the country's push towards sustainable and clean energy solutions. The project, located at Abyssinia Iron and Steel Limited, aims to bring cost-effective and renewable electricity to Kenya's manufacturing industry. Anticipated to generate 4.8 GWh of renewable electricity annually, this initiative represents a significant step in the transition to cleaner power sources and contributes to Kenya's commitment to sustainable development. Empower New Energy's investment in the Awasi solar project exemplifies the growing momentum towards renewable energy in the industrial sector and the competition faced by traditional energy sources in the country.

      6
      • Princess

        15 w

        This is a positive boost.

        6
        • Gorffly mokua

          15 w

          This is great! It shows nothing but an endless commitment towards creating a more sustainable future.

          5
          • winnie nguru

            15 w

            This is encouraging to see . We need renewable energy now more than anything

            4
            • Esther Wanjiku

              16 w

              We applaud all clean energy direct investments in to Kenya

              7
              • Elizabeth Gathigia

                16 w

                It's a great initiative that will help, towards a sustainable future, with renewable energy we are on the save side

                8
                • George Kariuki

                  16 w

                  The potential benefits of projects like this are undeniable, and it's encouraging to see Kenya taking concrete steps towards a cleaner and more sustainable energy future.

                  15
                  • Joseph Githinji

                    16 w

                    This is timely as it comes when Kenya has been facing power crisis. Having clean and renewable source of energy added to Kenya's power grid is so vital.

                    15
                    • walter lungayi

                      16 w

                      @joseph_githinji I strongly agree with you

                      6
                      • Jane Wangui

                        16 w

                        @joseph_githinji power crisis that lag businesses down will be solved.

                        5
                      • DIPANJANA MAULIK

                        16 w

                        It will be great if author throw s more light towards environmental performance of this Abyssinia Iron and Steel Private limited.

                        11
                        • walter lungayi

                          16 w

                          @dipanjana_maulik I think if they use renewable energy source as they have planned, it will help in combating climate change by reducing their carbon footprint.

                          8
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