Web giant Google is reportedly in talks to invest in what could be the largest wind power in Africa.
According to a CNBC report “people familiar with the situation” have said Google is interested in acquiring a minority stake in the $1 billion Lake Turkana Wind Power Project by investing potentially tens of millions of dollars in the project.
The Lake Turkana Wind Power Project is a wind farm under construction on 40,000 acres in Kenya, slated to be the largest in sub-Saharan Africa and is being billed as the largest private investment in Kenyan history.
While the company's investment would be relatively small it would have broader implications.
According to Kwame Parker, head of power and infrastructure for East Africa at South Africa's Standard Bank a google investment into the project would be a boost of confidence for other investors.
Other Committed funders in the project include the African Development Bank (Africa’s equivalent of the World Bank), the European Union’s European Investment Bank, the development agencies of Finland and other organizations from European countries Fortune reports.
The farm is scheduled for completion in 2017 and could deliver 300 megawatts to the Kenyan grid, which represents 20 percent of all the electricity produced in the country.
