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Kenya: Financial close for Kipeto wind

Kipeto Energy Ltd reached financial close on 17 December at its 102MW wind power project in Kajiado County. The announcement followed finalisation of the sale of 88% of the project company to UK-based private equity company Actis LLP, which acquired the stakes held by IFC InfraVentures and African Infrastructure Investment Managers (AIIM). It also acquired part of the stake of original developer Craftskills Wind Energy International, which holds the remaining 12%.

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