The agreement was signed on the same day the European Union committed to investing Sh2.7 billion in a green energy project in Kenya called the “Green Resilient Electricity System” project.
Kenya and Australia’s Fortescue Future Industries on Wednesday agreed to invest in the construction of a 300-megawatt green energy and fertilizer facility in Naivasha, Kenya.
“The project will also supply electricity to Kenya’s grid, accelerating the phasing out of fossil fuels and reinforcing Kenya’s position as a global leader in renewable energy,” the State House spokesman relayed via a statement.
