Iberdrola Ingeniería has signed a turnkey agreement worth € 85 million for the construction of Kinangop wind farm, which will have a power capacity of 61MW and will be located 40 kilometres northwest of Nairobi, Kenya's capital.
The project, developed by the Kenyan company Aeolus Kenya, will be owned by the Macquarie and Old Mutual sponsored African Infrastructure Investment Fund II and the Norwegian Investment fund for developing countries Norfund, with the South African Standard Bank acting as Mandated Lead Arranger for the deal. The Iberdrola subsidiary will handle engineering, procurement, construction and commissioning. The project will have a total of 38 GE 1.6MW wind turbines