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Lake Turkana - PensionDenmark

In 2007 a group of international investors came up with the idea of establishing a wind park close to lake Turkana. 12 years later 365 wind turbines from Vestas are producing power to Kenya.

On average, the turbines deliver around 150,000 megawatt hours per month; approx. 15% of Kenya’s total electricity production.

The production of fossil-based energy is more than halved from around 230,000 MW hours in January 2018 to around 100,000 MW hours in January 2019. 

ASSET CLASS

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Stocks/equities - Unlisted

GREEN DIMENSIONS

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Energy production - Wind 

CONTACT

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Jacob Therkelsen 
Coordinator of International Partnerships
jth@pension.dk

VALUE IN US DOLLARS

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USD 740 million

EXPECTED MATURITY

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Lake Turkana Wind Project has a 20-year PPA with KPLC. The technology in use will most likely have become obsolete at that time (if not earlier).

LINKS

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Read more about Lake Turkana here

GEOGRAPHIC LOCATION

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Africa 

FORM OF FUNDING

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Blended Finance: Danish Development Finance Institution and Pension Funds (incl. PensionDanmark) investment through Danish Climate Investment Fund: USD 250M.

PARTNERS

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Investment through the Danish Climate Fund, established in 2014 in collaboration with the Danish Ministry of Foreign Affairs, IFU, Pension Denmark, PKA, PBU, Dansk Vækstkapital and Aage V. Jensen Foundation.

Climate Investment Coalition Secretariat
info@climateinvestmentcoalition.org

The Climate Investment Summit is organised by the Climate Investment Coalition founded by The Danish Government, Institutional 

Investors Group on Climate Change (IIGCC), Insurance & Pension Denmark and World Climate Foundation.