Members on the Frontline

Aeolus Kenya Limited 

Founded in 2007 and headquartered in Nairobi, AKL's management team has decades of experience in Kenya and across Africa, managing businesses, creating successful partnerships, and developing energy and infrastructure projects.

As a founding member of the USAID-Power Africa Initiative, AKL developed and closed the first commercial scale wind energy project in Sub Saharan Africa (outside South Africa). The Kinangop Wind Park ("KWP"), just 60km from downtown Nairobi, is under construction and beginning in 2015 will help Kenya begin to harness its massive potential for clean and renewable energy. AKL independently funded the development of KWP with its partners.

In addition to coming under the banner of Power Africa, the 61 megawatt, $150 million KWP is a Kenya Vision 2030 Flagship Project, has been registered under the United Nations' Clean Development Mechanism, and was awarded Project Finance Magazine's 2013 African Wind Deal of the Year award.

AKL and its partners are using their proven formula to develop a pipeline of new energy and infrastructure projects across Africa.

Learn more about AKL

General Electric 

General Electric (GE Africa) has partnered with the U.S. African Development Foundation and the U.S. Agency for International Development (USAID) to create the Power Africa Off-Grid Energy Challenge. The challenge is designed to encourage African businesses and entrepreneurs with innovative energy solutions that can be deployed to power socio-economic activities within communities not connected to the national grid.

The Off-Grid Energy Challenge is part of Power Africa, President Obama’s initiative to increase access to reliable, affordable, cleaner and more sustainable power in Sub-Saharan Africa.  Power Africa is also helping ensure responsible, transparent and effective management of energy resources in Sub-Saharan Africa.  The three year initiative was launched in 2013 with 6 winners drawn from Kenya and Nigeria. In 2014, the challenge was extended to 4 more countries- Ethiopia, Ghana, Liberia and Tanzania and 22 winners were selected.  Winners from both years received $100,000 towards their renewable energy projects. General Electric has also committed to:
 

  • In Ghana, GE has an agreement with Finagestion SA to build a gas-fired Power plant expected to generate 1000 megawatts of power in a single location over 5 years
  • In Tanzania, GE expects to bring the 150MW Kinyerezi- Tanesco project on line in 2014.
  • GE is supporting Kenya’s renewable energy goals by partnering in the  development of 61 MW Kinangop  Wind Farm Project . The Kinangop Wind  Farm will be powered by 38 GE 1.6-megawatt (MW)   wind turbines which are best suited for Kenya’s  wind conditions.
Learn more about GE

Heirs Holdings 

Heirs Holdings is an African investment company that invests proprietary capital in a variety of sectors across Africa including Oil and Gas, Financial Services, Real Estate and Hospitality, Finance, Agribusiness, Healthcare and Power. To support Power Africa’s objectives, Heirs Holdings has pledged $2.5 billion of investment and financing for energy projects over the next five years, which will generate an additional 2,000 MW of power capacity in sub-Saharan Africa. 

Learn more about Heirs Holdings 
 Twitter: @Heirs_Holdings

Standard Bank

Standard Bank Group, Africa’s largest bank by assets, offers a full range of banking and related financial services.  With a history of over 150 years on the continent, Standard Bank is headquartered in Johannesburg, South Africa.  It has a presence in 19 countries on the African continent, with representation in major global financial centers of London, New York, Beijing and São Paulo.
 

Standard Bank is committed to the development of the power sector in Africa and to supporting the Power Africa Initiative by:

  • Supporting the establishment of Independent Power Projects (IPPs) through a combination of debt products, transactional services including providing bonds and guarantees, hedging, advisory services and carbon credit solutions.
  • Underwriting funding in the power sector for Power Africa countries, with US$1 billion of debt either already deployed since the initiative launch or earmarked for projects in Power Africa countries through to 2018.
  • Funding an additional US $2 billion of debt across the rest of Sub-Saharan through to 2018.
  • Supporting the policy reform process by sharing the bank’s assessment of the key regulatory changes that would facilitate private sector investment in power.
Learn more about Standard Bank