The Solar Energy Generation Project proposes a 70MW floating solar farm along Lake Victoria’s shores, leveraging cutting-edge solar technology to enhance energy accessibility in Homa Bay County. With an estimated cost of USD 100 million, the project aligns with Kenya’s leadership in solar adoption, where over 30,000 small solar panels are sold annually. This initiative aims to reduce carbon emissions, decrease fossil fuel dependency, and integrate clean energy into the local power grid, fostering economic growth and attracting green investments. The project seeks an investment of USD 100 million (equity, debt, or PPP) to fund infrastructure setup and equipment purchases. It targets a diverse market, including local communities, government agencies, environmental organizations, and private investors, while competing with traditional fossil fuel and hydroelectric power. Revenue will be generated through electricity sales to county residents, offering long-term ROI and potential expansion beyond Homa Bay County. Key project activities include feasibility studies, community mobilization, and solar farm construction. Beyond financial returns, the project will improve energy access in remote areas, enhance education and healthcare services, and generate employment during implementation. By introducing floating solar technology, the project optimizes energy harnessing, preserves Lake Victoria’s ecosystem, and positions Homa Bay County as a leader in sustainable energy innovation, attracting further green investments and supporting global sustainability goals.

Energy

Infrastructure

Equity Investment

100000000

USD

Startup

Homa Bay