ECONOMY

Kenya Seeks to Enhance Renewable Energy Capacity Using New Technologies

Share
EPRA Director General
Energy and Petroleum Regulatory Authority(EPRA) Director General Daniel Kiptoo Bargoria shares a light moment with US Department of Energy officials, Mr Brad Crabtree, Assistant Secretary in the Office of Fossil Energy and Carbon Management and Ms Julie Cerquira, Principal Deputy Assistant Secretary, Office of International Affairs at the meeting.
Share

Kenya is adopting latest global energy efficiency and saving technologies to achieve its decarbonisation target of making energy-generation activities entirely green. The Energy and Petroleum Regulatory Authority (EPRA) says measures taken to fast-track this goal include promotion of clean energy cooking, energy efficiency, electric mobility and Battery Energy Storage Systems (BESS) technologies.

Speaking in his capacity as Chair of the Global Energy Regulatory Energy Transition Accelerator (RETA), at the Clean Energy Ministerial (CEM) meeting in Foz do Iguaçu, Brazil, Energy and Petroleum Regulatory Authority(EPRA) Director General Daniel Kiptoo, said Kenya plans to install its first 100 MW Battery Energy Storage System (BESS) this year, with plans to expedite the development of an additional 250 MW BESS by 2026 as part of the World Bank-funded GREEN program.

“With every lapse of a thermal plant, the energy deficit is being met with the coming on board of new and green energy projects like the planned rehábilitation of Kenya’s oldest geothermal power plant, Olkaria 1 . The power plant output will be increased from 45 MW to 63MW,” he said in a panel discussion themed, ‘ Regulators in the driving seat – How to align all stakeholders in  the race to net zero?’.

Mr Kiptoo said Kenya has issued a raft of tax incentives to unlock the electric mobility sub-sector across all vehicle classes with priority being public service vehicles, two and three-wheelers that contribute up to 13% of Kenya’s greenhouse gas emissions.

> NSE Admits Investment Bank to the Bonds Market

The Director General said that the installed capacity of renewable energy sources as of June 2024 was 2,859.4 MW, accounting for 80.04% of Kenya’s total installed capacity. This consists of 2,427.1 MW of interconnected renewable energy capacity and 427.7 MW of captive renewable energy. This is expected to keep growing based on measures being put in place.

Scheduled on the margins of the G20 Energy Transitions Ministerial Meeting, the 15th Clean Energy Ministerial and 9th Mission Innovation meeting also received a policymakers’ guide which represents the first effort of a Clean Energy Ministerial (CEM) campaign titled “Empowering Regulators to Tackle Decarbonisation,” which aims to prompt dialogues between governments and regulators across the world, working proactively towards international decarbonisation objectives.

RETA brings together 60 regulatory authorities globally with Africa being represented by Kenya and Cameroon.

> Kenya Airways Introduces Improved In-Flight Menu

Written by
BT Reporter -

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us

Related Articles
KRA Revenue collection 2024
ECONOMY

KRA Records Marginal Growth in 2024 Revenue Collection

Kenya Revenue Authority (KRA) collected Ksh1.243 trillion as of 31st December, 2024. This...

KRA Commissioner General Humphrey Wattanga
ECONOMY

Border Control: KRA Honours Customs Officers for a Job Well Done

As part of the celebrations, KRA honoured customs officers who stood out...

The Origins of Commercial Banking in Kenya
ECONOMYFEATURED STORY

The Origins of Commercial Banking in Kenya

Kenya is rich in type, number and sophistication of financial institutions. The...

VAT Pre-Populated Return System
ECONOMYSMART MONEY

Inside the VAT Pre-Populated Return System, KRA’s Simplified Way of Filing Returns

Individuals and businesses using iTax, TIMS,  eTIMS and customs business systems  will...