Spenomatic Group, a renewable engineering, procurement, and construction (EPC) company in East Africa, will construct a 2.5-megawatt ground-mounted solar plant under a 25-year contract.
It will also see a $2 million investment by Empower New Energy for Abyssinia Steel, one of the steel manufacturing companies in the region.
Abyssinia Group of Industries (AGI) has grown to become one of East Africa’s largest steel producers with an annual capacity close to a million metric tons throughout the group, with manufacturing and mining operations spread in East Africa, namely Kenya, Uganda, Ethiopia, and Rwanda.
The 2.5MWp solar project is Empower New Energy’s first investment in Kenya and marks a significant step in Abyssinia Steel’s journey towards becoming 100 percent powered by renewable energy.
The project will generate about 4,8 GWh of clean electricity per year, saving about 2,500 metric tons of carbon emissions annually while at the same time reducing Abyssinia’s cost of electricity.We are thrilled to partner with Abyssinia Steel and Spenomatic to bring cost-saving and clean energy solutions to Kenya,” said Terje Osmundsen, CEO of Empower New Energy.
“Together, we will contribute to the growth of a low-carbon economy in Kenya, fostering a greener future for the manufacturing industry in Kenya.”
“Abyssinia Steel is proud to announce our partnership with Empower New Energy and Spenomatic, supported by a shared vision for sustainability and progress. This new 2,5 MWp solar plant represents another significant step towards a green and more prosperous future for the company,” says Jateen Patel, CEO, Abyssinia Steel.Spenomatic will provide comprehensive EPC support for the project.
“We are excited to collaborate with Empower New Energy and Abyssinia Steel on this transformative solar project,” expressed Berjeesh D Surty, MD of Spenomatic. ” Together, we set a benchmark for clean energy adoption in the industrial sector.”
The signing event, attended by the Norwegian Ambassador to Kenya, Gunnar Andreas Holm, as well as representatives from Norfund East Africa, took place at the Norwegian Embassy in Nairobi.
“Today marks a significant milestone in the collaboration between Norway and Kenya, as we witness the signing of the Power Purchase Agreement for Empower New Energy’s 2,5 MWp solar project for Abyssinia Steel. It is through such partnerships that we can pave the way towards a greener and more prosperous future for all,” said William Nyaoke, Regional Director for East Africa at Norfund.
