Skip to main content

Sustainable Renewable Energy Financing: Case Study of Kenya

  • Chapter
  • First Online:
Sustainability Through Innovation in Product Life Cycle Design

Part of the book series: EcoProduction ((ECOPROD))

  • 3825 Accesses

Abstract

The present work examines the views of renewable energy stakeholders with regard to what they deem as sustainable methods of renewable energy financing in the Kenyan market. It also touches on the preferred source of renewable energy and the factors that need to be considered for their successful implementation. The study made use of online surveys, key informant interviews and site visits to collect data. The findings are intended to be used to inform decisions regarding sustainable financing solutions that are suitable for the Kenyan market. The key finding is that although the Kenyan government has taken a rather hands-off approach to the solar energy market, this market has been able to thrive in the private sector in the recent years.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Brundtland G et al (1987) Our common future: report of the 1987 World Commission on Environment and Development. Oxford University Press, Oxford

    Google Scholar 

  2. U.S. EIA (2012) International energy statistics. Retrieved 20 May 2015 from U.S Energy Information Administration: http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=2&pid=2&aid=7&cid=regions,&syid=1998&eyid=2012&unit=MK

  3. IEA (2012) World energy outlook. Retrieved 20 May 2015 from International Energy Agency: http://www.worldenergyoutlook.org/resources/energydevelopment/energyaccessdatabase/

  4. United Nations Environment Programme (2012) Financing renewable energy in developing countries. United Nations, United Nations Environment Programme Finance Initiative. Instaprint, Geneva

    Google Scholar 

  5. Odero WO, Reeves WA, Kipgeyo N (2015) KENYA 2015. AfDB; OECD; UNDP, African Economic Outlook

    Google Scholar 

  6. Government of the Republic of Kenya: Energy Regulatory Commission (2012) Feed-in-Tariffs policy for wind, biomass, small hydros, geothermal, biogas and solar resources. Policy document. Government of the Republic of Kenya, Ministry of Energy and Petroleum, Nairobi

    Google Scholar 

  7. The World Bank (2015) World development indicators: electricity production, sources and access. Retrieved 25 June 2015 from The World Bank website: wdi.worldbank.org/table/3.7

  8. Government of the Republic of Kenya: Ministry of State for Planning, National Development and Vision 2030 (2008) Kenya vision 2030. Retrieved 20 May 2015 from Kenya Vision 2030: www.vision2030.go.ke

  9. Government of the Republic of Kenya: Ministry of Energy and Petroleum (2013) 5000+MW by 2016: power to transform Kenya. investment prospectus. Republic of Kenya, Ministry of Energy and Petroleum, Nairobi

    Google Scholar 

  10. The World Bank (2015) Kenya overview: results. Retrieved 25 May 2015 from The World Bank website: http://www.worldbank.org/en/country/kenya/overview#3

  11. Energy Regulatory Commission (2014) Electricity supply industry in Kenya. Retrieved 21 Jun 2015 from ERC: Energy Regulatory Commission: www.erc.go.ke/index.php?option=com_content&view=article&id=107Itemid=625

  12. Kenya Renewable Energy Association (2012) Our members: KEREA. Retrieved 4 Jun 2015 from KEREA website: http://kerea.org/membership/our-members/

  13. Matek B (2015) 2015 annual U.S. & global geothermal power production report. Annual, Geothermal Energy Association

    Google Scholar 

  14. Superior Homes Kenya (nd) Green park: superior homes Kenya. Retrieved 22 June 2015 from Superior Homes Kenya website: http://www.superiorhomes.co.ke/

  15. Kenya Electricity Generating Company: Geothermal Plants (2015) Retrieved 28 June 2015 from Kenya Electricity Generating Company Limited http://www.kengen.co.ke/index.php?page=business&subpage=geothermal&id=1

  16. Climate Innovation Center, Kenya (2015) Tax regimes on solar products in Kenya. Fact sheet. Strathmore University, Strathmore Energy Research Center, Nairobi

    Google Scholar 

  17. Hankins M (2000). A case study on private provision of photovoltaic systems in Kenya. http://www.worldbank.org/html/fpd/esmap/energy_report2000/ch11.pdf

  18. Mkopa Solar (2015) Products. Retrieved 28 Jun 2015 from Mkopa Solar: http://www.m-kopa.com/products/

  19. Kenya Power and Lighting Company Limited (2014) Annual report and financial statements: financial year ended 30 June 2014. Annual, Kenya Power and Lighting Company Limited, Nairobi

    Google Scholar 

  20. Tesla (2015) Powerwall. Retrieved 28 Jun 2015 from Tesla Motors: http://www.teslamotors.com/powerwall

  21. Safaricom (nd) MPESA statistics: Safaricom. Retrieved 26 Jun 2015 from Safaricom Limited website: www.safaricom.co.ke/personal/m-pesa/statistics

  22. Plyler MG, Haas S, Nagarajan G (2010) Community-level economic effects of M-PESA in Kenya: initial findings. Financial Services Assessment, College Park, p 5

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Tabitha A. Olang .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2017 Springer Japan

About this chapter

Cite this chapter

Olang, T.A., Esteban, M. (2017). Sustainable Renewable Energy Financing: Case Study of Kenya. In: Matsumoto, M., Masui, K., Fukushige, S., Kondoh, S. (eds) Sustainability Through Innovation in Product Life Cycle Design. EcoProduction. Springer, Singapore. https://doi.org/10.1007/978-981-10-0471-1_12

Download citation

Publish with us

Policies and ethics