Kenya saved Ksh14 billion (approximately EUR 96.3 million), in fuel import costs in 2024 by tapping into clean wind energy supplied from the Lake Turkana Wind Power project (LTWP).
Between January and December 2024, LTWP delivered 1,367 gigawatt-hours (GWh) of electricity to the national grid, according to its latest sustainability report.
The contribution accounted for 10.89% of Kenya’s total grid energy supply, proving the important role of renewable energy in powering the nation.
further, the report noted that the output reflects a gross annual generation capacity of 50.17%.
“As Africa’s largest wind farm, Lake Turkana Wind Power (LTWP) continues to be a transformative example of how renewable energy can drive sustainable change.
“In 2024, LTWP remained committed to delivering clean, reliable, and sustainable power a mission that directly aligns with Kenya’s broader efforts to reduce fuel imports and combat climate change,” the report read in part.
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Job Creation and Development from Wind Power
At the same time, LTWP’s operations enhanced energy security, created jobs, and spurred infrastructure development in Northern Kenya, contributing to long-term, inclusive growth.
Also, the wind farm is aligned with Kenya’s climate action strategy, which aims to have over 90% of grid power sourced from renewables.
By integrating wind energy into the national grid, LTWP played a significant role in lowering Kenya’s carbon footprint while ensuring a stable and dependable power supply for homes and businesses.
“With over 90% of Kenya’s grid power now sourced from renewables, the country is firmly on the global map of green energy producers.
LTWP’s efforts demonstrate how investments in renewable energy can unlock both environmental and economic gains, from job creation, infrastructure development, and long-term, inclusive growth for local communities,” added the report.
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Global Oil Prices
The Central Bank of Kenya (CBK), in its weekly bulletin dated May 9, reported a rise in international oil prices.
As of May 8, Murban crude was trading at $63.42 per barrel, up from $62.34 on April 30.
According to CBK, the price increase was attributed to the easing of trade tensions between the United States and its key trading partners.
In Kenya, the Energy and Petroleum Regulatory Authority (EPRA) in its monthly review report released on Wednesday, May 14, indicated that a litre of Super Petrol in Nairobi will retail at Ksh174.63, Diesel at Ksh164.86 and Kerosene at Ksh148.99.
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