The Kenya Kwanza government has partnered with the Global Green Growth Institute (GGGI) to launch a one-year project set to run until August 2025 to support Kenya's transition to sustainable energy and green growth.
Funded by Korea Green New Deal Fund (KGNDF) at the cost of USD200,000 (about Ksh25 million in the current exchange rates) the project, dubbed 'Creating an Enabling Environment to Catalyze Green Investment into Green Hydrogen Industry in Kenya' seeks to establish an enabling environment for the uptake of green hydrogen and to operationalize Kenya’s Green Hydrogen Strategy and Roadmap.
The project will tap into Kenya's renewable energy sources to enhance agricultural production, industrialization, and decarbonization and fuel the country’s green growth.
Kenya is set to have a major economic boost with the project underway. It will pave the way for investment and funding opportunities and attract investors by enabling a conducive policy environment that supports investments in the sector.
Additionally, the project is expected to promote capacity building of key stakeholders to ensure they are well-equipped to facilitate the flow of investment into green hydrogen.
During its implementation, the project is expected to lead efforts for mobilizing up to USD 200 million (about Ksh26 billion in the current exchange rates) in investment to fund Kenya’s green hydrogen plan.
“Green Hydrogen represents not just a clean source of energy, but a transformative opportunity to power Kenya’s ambitious plan to achieve a green and sustainable future, drive industrialization, enhance productivity, create green jobs, and build a robust economy," Eng. Kihara Mungai, Deputy Director at Kenya Energy and Petroleum Regulatory Authority (EPRA) revealed on Monday.
"This project does not only offer an opportunity for environmental sustainability and green investment but can also stimulate carbon investment and trading mechanisms. We are proud to be partnering with the Government of Kenya to explore and unlock investment for green hydrogen and drive innovation," Dr. Malle Fofana, Regional Director for Africa at GGGI asserted.
This project will be a boost to the already 90 per cent of renewable energy that Kenya boasts of. It will provide another significant avenue to capitalize on this clean energy potential.
Kenya now joins Indonesia, Morrocco, Nepal, and India in the Global Green Growth Institute (GGGI) implementation of green hydrogen initiatives.
This is not the first partnership Kenya is doing with South Korea. In July 2024, Kenya received Ksh63 billion from South Korea, aimed at supporting its development initiatives.
Ksh31 billion of the funds was allocated for the Konza Digital Media City Project for the enhancement of the nation’s digital infrastructure and to create new opportunities for Kenyan youth in the creative sector.
