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CIF invests $300M, including $46.4M initial loan & $5M grant, into Kenya's renewable energy sector to achieve 100% clean energy by 2030.
The Climate Investment Funds (CIF) is investing nearly $300 million into Kenya's renewable energy sector to help integrate clean energy into the country's grid and achieve a goal of using 100% clean energy by 2030.
The funding, announced on Wednesday, consists of an initial allocation of $46.4 million by CIF with the potential to draw in an additional $243 million from the public and private sectors.
The funding from CIF is largely in the form of a loan, with $5 million in the form of a grant.
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CIF invierte 300 millones de dólares, incluido un préstamo inicial de 46,4 millones de dólares y una subvención de 5 millones de dólares, en el sector de energía renovable de Kenia para lograr un 100% de energía limpia para 2030.