Kenya has done really well to grow the share of renewables in its electricity generation mix. Renewables provided 89% of Kenya’s electricity generation in 2021 thanks to contributions from geothermal, wind, hydro, and some utility-scale
solar. Kenya is one of the major players in the geothermal space and is in the top 10 in the world when it comes to geothermal generation installed capacity. Kenya’s installed geothermal capacity is now close to 1,000 MW. Kenya has a lot more room to add more geothermal, with an estimated potential of 10,000 MW! This dependable, renewable geothermal can anchor the growth of the economy inline with Kenya’s industrialization agenda.
Apart from a dip in 2020 due to the slowdown in petroleum imports resulting from the hard lockdowns at the height of the coronavirus pandemic, Kenya’s trade deficit has been growing over the past 5 years. In 2020, there was a sharp dip in petroleum fuel imports in Kenya due to the coronavirus pandemic restrictions.Several startups are now scaling up operations in Kenya’s electric motorcycle sector as well as the electric bus scene. There is a lot of potential in these segments.
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