Meridiam expands Kenya wind footprint

** For the best experience, download the free Africa Private Equity News app Android | iOS ** Meridiam and the Government of Kenya announced the signing of the Siruai Wind and Storage project, an energy initiative combining 100 MW of wind capacity with a 50 MWh battery energy storage system. Backed by an investment of more than €200 million, the project, located south of Nairobi and adjacent to the Kipeto wind farm, will double Meridiam’s wind generation capacity in Kenya. By combining wind generation with battery storage, Siruai provides a solution to the intermittency challenges of renewable energy. The battery system will help optimise electricity generation and enhance grid stability, while improving service quality and continuity by reducing outages and voltage fluctuations. Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. The Dealmaker’s Log is available to all Premium subscribers, with the latest edition delivered immediately upon subscribing – subscribe now.Read More