Norfund's investee, Lake Turkana Wind Power, is identified as best example project in renewable energy, community engagement and alleviating poverty.
In the newly released report "Infrastructure financing in Sub-Saharan Africa", the Boston Consulting Group and African Finance Corporation cite Lake Turkana Wind Power project as a best example in renewable energy, community engagement and alleviating poverty.
The report emphasizes among others that the deal went through without legislative delays due to Kenya's strong enabling environment and existing regulations for private investments. It also highlights the array of strategies that the project has used to engage effectively with the local community.
Lake Turkana Wind Power, the largest-ever private investment in Kenya and the largest wind farm project in Africa, is a best practice example of large-scale investing in renewable energy and is opening up an impoverished region through a single transaction. ( BCG & AFC report 2017)