UK firm, Globeleq to invest Sh4.6bn on solar plant in Malindi
Nairobi, Feb. 13 -- UK-based private power firm Globeleq will spend about Sh4.6 billion to set up a battery storage for its Malindi solar plant to supply electricity during peak demand.
The firm told the Business Daily that it had already received the green light from the Energy and Petroleum Regulatory Authority (Epra) to start the installation.
Solar plants are at their peak during the day but demand for electricity peaks in the evening, necessitating the move to install the plant whose capacity is targeted at between 40 Megawatts-hour.
Globeleq spent $69 million (Sh7.83 billion at the exchange rates of the time) to set up the 52-megawatt peak (MWp) Malindi solar plant that started supplying electricity to the national grid in 2021....
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